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Lecture 5 _Feb 2_ - Economics 100A Lecture#5 Tuesday Feb 2...

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1 Economics 100A Lecture #5: Tuesday, Feb. 2 The Consumer’s Budget and Utility Maximization
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2 The consumer’s budget Characterize the consumer’s “opportunity set” and her “budget line” Examine how the simple budget line changes when income and prices change. Examine more complicated budget lines.
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