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Economics
Notes on economics and economic models.
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Deriving the Utility Maximization Condition in Consumer Choice Theory
A study note deriving the core consumer choice condition using budget constraints and marginal utility as an integral.
learninglearning/economics
Deriving the Production Possibilities Curve from Resource Allocation
A mathematical thought experiment deriving why the production possibilities curve becomes convex to the origin under heterogeneous resources and efficient allocation.
learninglearning/economics