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OpenStax Principles of Macroeconomics 2e, Choice in a World of Scarcity, How Individuals Make Choices Based on Their Budget Constraint
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CC BY
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By the end of this section, you will be able to:

Calculate and graph budget constraints
Explain opportunity sets and opportunity costs
Evaluate the law of diminishing marginal utility
Explain how marginal analysis and utility influence choices

Subject:
Applied Science
Material Type:
Module
Date Added:
08/21/2018