Name time you were indifferent between two goods

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Reference no: EM131387704

1. Name a time you were indifferent between two goods. What were they? What made you indifferent between them?

2. Name a time there was a change (higher or lower) in your budget for two goods. What were they? How did the change affect your consumption choices?

3. Name a time you believe you applied the utility maximization rule. What were the goods or services you chose to maximize your utility? How did this relate to your budget constraint?

Reference no: EM131387704

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