Question: ? b a r ( 2 5 ) 3 . Depict on Utility Maximizing Rational Consumer F ' s Budget Constraint her Utility Maximizing point
Depict on Utility Maximizing Rational Consumer Fs Budget Constraint her Utility Maximizing point of consumption between goods and What is the determining condition of this utility maximizing point of consumption? Briefly up to words describe this condition.
Illustrate and describe up to words the differences between 'rational' consumer Fs and 'irrational' consumer Gs utility indifference curves? Where would 'irrational' consumer Gs pattern of consumption lie on his budget constraint?
State variables used to construct the graphs of your supporting analysis and illustrations.
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