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Lecture Microeconomics (20/e): Chapter 7 - Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

Chapter 7 - Utility maximization. In this chapter, the law of diminishing marginal utility is developed, which leads into a detailed discussion of the theory of consumer choice. The numerical illustrations of the utility maximizing rule should be viewed as a pedagogical technique, rather than an attempt to portray the actual choice making process of consumers. The chapter concludes with a discussion of how society might use this theory to reduce criminal behavior.

Từ khóa: Lecture Microeconomics, Economic problem, Economic principles, Economic policies, Utility maximization, Theory of consumer behavior

8 p tailieu_hce 28/04/2016 301 2

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