Question: 6) We used A to connect preferences with observable demand and then made an assumption that preferences are B to deduce that the area under

6) We used A to connect preferences with observable demand and

6) We used A to connect preferences with observable demand and then made an assumption that preferences are B to deduce that the area under the curve shown in Figure 2 below is a measure of a consumer '3 utility when price of the good changes . Qty of Goodi pa pg, Price of Good 3' Figure 2. Marshallian Demand for Good 2

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16. Now put the areas you have ranked in order of priority and reflect on which values they correspond to in your value hierarchy.

14. Now reconcile what you answered to problem 15 with problem 13.

11. In what environment or contexts is it the value you want others to associate you with that the value can best be expressed in? Do you seek out these contexts to learn?