Through this, microeconomists derive some minor conclusions, such as the existence of optimal sets given budget constraints, and some major conclusions, including that marginal utility can be ...

They provide three contributions. First, they provide an explicit connection between the form of the utility function and the graphical presentation of the indifference curves, budget constraints, and ...

The Budget constraint, redefined in terms of full income, appears as an argument in the wealth constraint, which in turn provides a way of introducing real money balances in the short run utility ...