http://demonstrations.wolfram.com/CobbDouglasUtilityFunction/
The Wolfram Demonstrations Project contains thousands of free interactive visualizations, with new entries added daily.
This Demonstration examines the Cobb-Douglas utility function. Figure 1 shows the consumer's optimal choice and wealth expansion paths. Figures 2 and 3 show demand curves. By modifying prices and wealth levels you can see how the consumer reacts to thes...
Contributed by: Francisco Jose Espinosa
Link to this comment:
All Comments (0)