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Unformatted text preview: marginal utility/price vs quantity total utility is how much out of budget that is spent will spend until the marginal utility = price what impact will changes in consumer patterns affect taxes and the consumption shifts in taxes will change how consumers spend money Net marginal = marginal price $6, 1 consumer surplus $1, 4 $2, 3 $3, 2...
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This note was uploaded on 04/07/2008 for the course AREC 202 taught by Professor Dalstead during the Spring '08 term at Colorado State.
- Spring '08