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ESI Unit 2 Lesson 8 - Utility Flashcards | Quizlet

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Start studying ESI Unit 2 Lesson 8 - Utility. Learn vocabulary, terms, and more with flashcards, games, and other study tools.

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1. How consumers make choices about the purchase of goods and services

2. Why consumers’ general goal is to maximize utility

3. Why the principle of diminishing marginal utility applies to the consumption of most goods and services

4. How to use marginal analysis to find the optimal consumption bundle

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F01_Determining Optimal Amount of an Activity.pdf

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F01s_Determining Optimal Amount of an Activity-solution.pdf

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F03s_MB and MC of Studying - Solution.pdf

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F04_Optimal Allocation of Study Time.pdf

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F04s_Optimal Allocation of Study Time - solution.pdf

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F05_Why MB=MC Gives Optimal Quantity.pdf

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F06_Why MB=MC Gives Optimal Quantity - Bonus.pdf

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F09_Understanding Optimal Amount of Activity.pdf

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F10s_Exercise with MB and MC - solution.pdf