Curious about maximizing utility? Enter your budget and the prices and utilities of goods, and our Maximum Utility Advanced Calculator will show you the optimal consumption bundle.
Maximum Utility Calculator
Maximum Utility Calculator
Component | Description |
---|---|
Quantity of Good A (QA) | The quantity of Good A consumed. |
Quantity of Good B (QB) | The quantity of Good B consumed. |
Price of Good A (PA) | The price per unit of Good A. |
Price of Good B (PB) | The price per unit of Good B. |
Total Income (I) | The total income available to spend on Goods A and B. |
Utility Function | The function that represents the consumer’s preferences for Goods A and B. |
Maximum Utility | The highest level of satisfaction a consumer can achieve given their budget and the prices of Goods A and B. |
Purpose | Used to determine the optimal consumption bundle that maximizes a consumer’s utility given their budget constraints. |