Copyright (c) Christopher Makler / econgraphs.org

Utility Max and Cost Min: {{ model.utility.title }}

Utility Maximization

\text{Fix } \overline{I} \text{ and prices }P_x,P_y \text{Maximum possible utility is } V(P_x,P_y,\overline{I})

Cost Minimization

\text{Fix } \overline{U} \text{ and prices }P_x,P_y \text{Minimum possible cost is } E(P_x,P_y,\overline{U})
utility
u(x,y) = {{ model.utility.formula(false) }}
\alpha = {{params.alpha | number: 2}}:
r = {{model.utility.r | number: 2}}:
objective function maps