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Economics

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?

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Business Economics, Economics

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