{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

2011-10-02 22-38-11 25

2011-10-02 22-38-11 25 - Figure 9.2 Marginal utility N0...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Figure 9.2 Marginal utility N0 Budget Constraint: The limited amount of income available to consumers to spend on goods and services. Example: Suppose you have $10 to spend on Pizza and Coke. Price of Pizza is $2 and Coke is $1. How many slices of pizza and how many cups of Coke do you buy if you want to maximize your utility? Total utility Marginal from Coke utility —— —— —— ...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online