Question: 2. Graph the budget constraint. Graph curves U1 and U2. Could any point on U1 be optimal consumption? On U2? Why? Budget: $60. PK =

2. Graph the budget constraint. Graph curves U1 and U2. Could any point on U1 be optimal consumption? On U2? Why? Budget: $60. PK = $3. Py = $1 U1: (13,19) (15,15) (26,3) U2: (0,60) (14,22) (20,10)

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Context, i.e. the context of the information presented and received

1. To gain insight into why we believe more in one type of information than another.

2. In this chapter, the reader should reflect on the following concepts: emo-tional information, concrete information, local information, the reference object, consensus information, conflict...