Cobb-Douglas utility model showing indifference curves at multiple utility levels with adjustable budget constraint (income and prices). Visualizes optimal tangency point where MRS = price ratio for consumer equilibrium.
Simulate protectionist trade policy. Imposing a tariff elevates the world price, mathematically shrinking Consumer Surplus while generating Government Revenue and Deadweight Loss triangles.
Drag the market price line to find the optimal quantity where MR intercepts Marginal Cost. Instantly calculates Total Economic Profit or identifies the Shutdown point when Price falls below AVC.
Understand firm costs in the Long Run. Slide targeted production scales to track how Short-Run Average Total Cost curves (SRATC) form the Returns to Scale envelope.
Graph income inequality mathematically. Bend the Lorenz curve from Perfect Equality to extreme inequality and watch the Gini Coefficient (A/(A+B)) update in real-time.