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Documents Chapter 4 UTILITY MAXIMIZATION AND CHOICE Copyright ©2002 by South-Western, a division of Thomson.....

Slide 1Chapter 4 UTILITY MAXIMIZATION AND CHOICE Copyright ©2002 by South-Western, a division of Thomson Learning. All rights reserved. MICROECONOMIC THEORY BASIC PRINCIPLES…

Documents 1 Chapter 4 - Consumer Choice People can’t have everything; their choices are always constrained.....

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…

Documents Chapter 7 MARKET DEMAND AND ELASTICITY Copyright ©2002 by South-Western, a division of Thomson...

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…