Unit 2: Elasticity, Consumer Choice, Costs

Lesson 6a: Consumer Decisions: Utility Maximization

Assignments: Readings

pp. 152-162, (19th, 116-125), " Law of Diminishing Marginal Utility", "Theory of Consumer Behavior", "Utility Maximization and the Demand Curve", "Income and Substitution Effects", "Applications and Extensions" Lecture Outline

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