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Documents The Basic Market Equation Price Theory. What do markets do? Do markets tell us the value of things?....

Slide 1The Basic Market Equation Price Theory Slide 2 What do markets do? Do markets tell us the value of things? What is value? Why are diamonds worth more than water? Use…

Documents MICROECONOMICS: Theory & Applications Chapter 3 The Theory of Consumer Choice By Edgar K. Browning &...

Slide 1 MICROECONOMICS: Theory & Applications Chapter 3 The Theory of Consumer Choice By Edgar K. Browning & Mark A. Zupan John Wiley & Sons, Inc. 9 th Edition,…

Documents Neoclassical Trade Theory: Tools to Be Employed Appleyard & Field (& Cobb): Chapters 5–7.

Slide 1 Neoclassical Trade Theory: Tools to Be Employed Appleyard & Field (& Cobb): Chapters 5–7 Slide 2 Basic Concepts for the Consumer Theory Bundle = combination…