Slide 1Chapter 4 UTILITY MAXIMIZATION AND CHOICE Copyright ©2002 by South-Western, a division of Thomson Learning. All rights reserved. MICROECONOMIC THEORY BASIC PRINCIPLES…
Slide 1 Slide 2 1 Chapter 4 - Consumer Choice People can’t have everything; their choices are always constrained by factors such as time and money. In this chapter we will…
Slide 1 Chapter 7 MARKET DEMAND AND ELASTICITY Copyright ©2002 by South-Western, a division of Thomson Learning. All rights reserved. MICROECONOMIC THEORY BASIC PRINCIPLES…