'Utils' presentation slideshows

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Utility Maximization

Utility Maximization . Chapter 19. Time Value of $$$. The value of money in the future, once interest has been considered Ex- 2 options: A)You could have $10,000 now or B) $10,000 3 years from now. Which is better? Present Value for both = $10,000 Future Value A = 10,000 + interest

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Marginal Cost/Marginal Benefits Rational Decision Making Incentives

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Chapter 10

Chapter 10. Consumer Choice. Consumer Choice. 1. What is behind the law of demand? The law of demand can be explained in terms of the concept of utility theory. 2. Utility (TU) - The enjoyment or satisfaction that people derive from consuming goods and services.

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