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    Ch03 Appen

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    di 6

    Managerial Economics in a

    Global Economy, 5th Edition


    by
    Dominick Salvatore
    Chapter 3: Appendix
    Behind the Market Demand Curve
    The Theory of Consumer Choice

    Prepared by Robert F. Brooker, Ph.D.

    Copyright 2004 by

    Indifference Curves

    Prepared by Robert F. Brooker, Ph.D.

    Copyright 2004 by

    The Budget Line


    GF: M = $6, PX = PY = $1
    GF: PX = $2
    GF: PX = $0.67

    Prepared by Robert F. Brooker, Ph.D.

    Copyright 2004 by

    Consumer Equilibrium

    Prepared by Robert F. Brooker, Ph.D.

    Copyright 2004 by

    Derivation of the
    Consumers
    Demand Curve

    Prepared by Robert F. Brooker, Ph.D.

    Copyright 2004 by

    Separation of the
    Substitution and
    Income Effect of
    a Price Change

    Prepared by Robert F. Brooker, Ph.D.

    Copyright 2004 by

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