IR 213 090109

IR 213 090109 - o People allocate their income to maximize...

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IR 213 090109 Translating Wants into Demand - Measuring want: the concept of utility o Utility – the satisfaction people derive from their consumptions activities - Assumption
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Unformatted text preview: o People allocate their income to maximize their satisfaction or total utility-Consumer surplus net o Above the priceline and below the demand curve...
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This note was uploaded on 09/01/2009 for the course IR 213 taught by Professor Staff during the Fall '08 term at USC.

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