Documents Chapter Two Budgetary and Other Constraints on Choice.

Slide 1Chapter Two Budgetary and Other Constraints on Choice Slide 2 Consumption Choice Sets u A consumption choice set is the collection of all consumption choices available…

Documents 1 The Market Molly W. Dahl Georgetown University Econ 101 – Spring 2009.

Slide 11 The Market Molly W. Dahl Georgetown University Econ 101 – Spring 2009 Slide 2 2 Economic Modeling Construct a model Choose simplifications Solve the model Come…

Documents Chapter 2 Budget Constraint uRequired reading: whole chapter uExercises: 1.Review Questions #1, 2,.....

Slide 1 Chapter 2 Budget Constraint uRequired reading: whole chapter uExercises: 1.Review Questions #1, 2, 3, 4, 5, 6, 7 on p.32. Slide 2 Consumption Choice Sets u A consumption…

Documents Chapter 2 Budget Constraint. 2 Consumption Theory Economists assume that consumers choose the best.....

Slide 1 Chapter 2 Budget Constraint Slide 2 2 Consumption Theory Economists assume that consumers choose the best bundle of goods they can afford. In this chapter, we examine…