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Economics > Principles of Economics 2.1 - Intro to Consumer Choice* > Flashcards

Principles of Economics 2.1 - Intro to Consumer Choice* Flashcards

1
Q

What’s ‘utility’?

A
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2
Q

What are the characteristics of Indifference Curves?

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3
Q

What’s an Indifference Map?

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4
Q

What’s Marginal Rate of Substitution?

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5
Q

Give the equation for MRSxy

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6
Q

What are the 3 elements in the study of consumer behaviour?

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Economics (82 decks)

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