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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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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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