Lecture 2: Consumer Choice

Name: Lecture 2: Consumer Choice
Uploaded: 2022-08-31T20:12:42Z
Duration: 59 min 7 s
Description: How should rational consumers decide what to buy? Economists break the problem down into its component parts: feasible available commodity bundles, preferences over goods and services, and budget constraints.

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How should rational consumers decide what to buy? Economists break the problem down into its component parts: feasible available commodity bundles, preferences over goods and services, and budget constraints.