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May 17, 2024

In my “Maximizing Utility Example” for this lecture, which good does the buyer choose to consume first? And why?

In my “Maximizing Utility Example” for this lecture, which good does the buyer choose to consume first? And why?

When discussing behavioral economics, I mention an example of economists observing “irrationality” in the real world behavior of some people. What did I claim was the reason for those people to behave irrationally in that way?

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