How to Derive the Income-Consumption Curve

[@nofoodnotien6799]

Hi! Thank you so much for this I was struggling so much, can I ask, when I did MRS= Px/Py and end up without Y in the equation (I got X= Py/2Px) does that mean I have no ICC or the ICC is a vertical line/ horizontal line?

[@PrograLab]

thank you for share this knowledge with us very helpful content

[@PankajKumar-ot3mg]

Instead of using LaGrange
Can't we directly use mrs=px/py
Condition

[@EconomicsinManyLessons]

Yes, see the first two examples in the video.