1. Theory of Consumer behavior How Consumers Make Choices under Income Constraints 2. Some Questions • What is behind a consumer’s demand curve? • How do consumers…
1. The Consumer Theory How Consumers Make Choices under Income Constraints 2. Some Questions • What is behind a consumer’s demand curve? • How do consumers choose from…
Slide 1 Slide 2 Demand Analysis Slide 3 Some Questions What is behind a consumer’s demand curve? How do consumers choose from among various consumer “goods”? What determines…
Consumer Behavior and Utility Maximization HOW CONSUMERS MAKE CHOICES UNDER INCOME CONSTRAINTS UTILITY MAXIMIZATION Introduction The CONSUMER is essential to the arket. Understanding…
Slide 1 The Consumer Theory How Consumers Make Choices under Income Constraints Slide 2 Some Questions What is behind a consumer’s demand curve? How do consumers choose…
The Consumer Theory How Consumers Make Choices under Income Constraints Some Questions What is behind a consumer’s demand curve? How do consumers choose from among various…