Marshallian and Hicksian Demand: {{ model.utility.title }}

utility

u(x,y) = {{ model.utility.formula(false) }}

\alpha = {{params.alpha | number: 2}}:

r = {{model.utility.r | number: 2}}:

\text{Initial State }(A) \text{Decomposition Bundle }(B) \text{Final State }(C) \text{Equivalent State }(E)

\text{Marshallian Demand }(D^M_x) \text{Consumer Surplus }(CS)

\text{Initial Hicksian Demand }(D^H_x(U_1)) \text{Compensating Variation }(CV)

\text{Final Hicksian Demand }(D^H_x(U_1)) \text{Equivalent Variation }(EV)