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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 these changes. By modifying the parameter ... (and holding prices and wealth fixed) you can compare the choices of two different consumers and the resulting demands.

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      EUN,LOM,LRE4,work-cmr-id:397427,http://demonstrations.wolfram.com:http://demonstrations.wolfram.com/CobbDouglasUtilityFunction/,ilox,learning resource exchange,LRE metadata application profile,LRE

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