Explain why individuals make choices that are directly on the budget constraint, rather than inside the budget

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Explain why individuals make choices that are directly on the budget constraint, rather than inside the budget constraint or outside it.

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Principles Of Economics

ISBN: 9781506699868

2nd Edition

Authors: OpenStax

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Question Posted: Oct 29, 2023 09:42 AM

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Explain why individuals make choices that are directly on the budget constraint, rather than inside the budget

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Individuals make choices that are directly on the budget constraint for a variety of reasons which can be explained using the concept of utility maximization in economics The budget constraint represe...View the full answer

Principles Of Economics

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