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Lecture 2 notes and textbook notes (ECO2045: Intermediate Microeconomics 1 (ECO2045) Intermediate Microeconomics a Modern Approach, ISBN: 9780393920772) $6.35   Add to cart
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Lecture 2 notes and textbook notes (ECO2045: Intermediate Microeconomics 1 (ECO2045) Intermediate Microeconomics a Modern Approach, ISBN: 9780393920772)
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  • Course
  • ECO2045: Intermediate Microeconomics 1 (ECO2045)
  • Institution
  • University Of Surrey (UNIS)
  • Book
  • Intermediate Microeconomics: A Modern Approach

Optimal choice: Which of the affordable bundles will the consumer choose? How does a consumer choose in order to maximise utility subject to her budget constraint? The Lagrange method and Demand functions: The mathematical method used to solve for a consumer's optimal bundle. Demand functions are ...

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Document information

  • January 8, 2023
  • 8
  • 2022/2023
  • Class notes
  • David
  • Week 1, week 2, week 4, week 9

Subjects

  • optimal choice
  • consumer theory
  • budget constraint
  • expenditure minimisation

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  • University of Surrey (UNIS)
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  • ECO2045: Intermediate Microeconomics 1 (ECO2045)
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