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OpenStax Principles of Macroeconomics 2e, Choice in a World of Scarcity, How Individuals Make Choices Based on Their Budget Constraint
Unrestricted Use
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
OpenStax Principles of Macroeconomics 2e, Demand and Supply, Demand, Supply, and Equilibrium in Markets for Goods and Services
Unrestricted Use
CC BY
Rating
0.0 stars

By the end of this section, you will be able to:

Explain demand, quantity demanded, and the law of demand
Identify a demand curve and a supply curve
Explain supply, quantity supplied, and the law of supply
Explain equilibrium, equilibrium price, and equilibrium quantity

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