the theory of public choice
Chapter 21 The Theory of Consumer Choice ppt
... 130 Chapter 21 /The Theory of Consumer Choice The theory of consumer choice examines a the determination of output in competitive markets b the tradeoffs inherent in decisions made by consumers ... TYPE: M DIFFICULTY: 3 SECTION: 3 Chapter 21 /The Theory of Consumer Choice 147 102 Assume that the consumer depicted in the figure has an income of $20. The price of Skittles is $2 and the price of M&M’s is $4. This consumer will choose a consumption bundle where the marginal rate of substitution is ... a decrease in the consumption of coffee only c an increase in the consumption of Snickers and a decrease in the consumption of coffee d a decrease in the consumption of Snickers and an increase in the consumption of coffee...
Ngày tải lên: 11/08/2014, 10:21
