Consumer choices

OpenStax

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Introduction to consumer choices

Consumption choices

1 Total utility and diminishing marginal utility

2 Choosing with marginal utility

3 A rule for maximizing utility

4 Measuring utility with numbers

5 Key concepts and summary

How changes in income and prices affect consumption choices

1 How changes in income affect consumer choices

2 How price changes affect consumer choices

3 The foundations of demand curves

4 Applications in government and business

5 Key concepts and summary

Labor-leisure choices

1 The labor-leisure budget constraint

2 Applications of utility maximizing with the labor-leisure budget

3 Key concepts and summary

Intertemporal choices in financial capital markets

1 Using marginal utility to make intertemporal choices

2 Applications of the model of intertemporal choice

3 The unifying power of the utility-maximizing budget set framework

4 Behavioral economics: an alternative viewpoint

5 Key concepts and summary

Source: OpenStax, Microeconomics. OpenStax CNX. Aug 03, 2014 Download for free at http://legacy.cnx.org/content/col11627/1.10

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