Budget Constraint, Opportunity Cost, & Law of Diminishing Marginal Utility

Описание к видео Budget Constraint, Opportunity Cost, & Law of Diminishing Marginal Utility

This macroeconomics video tutorial provides a basic introduction into budget constraint, opportunity cost, and the law of diminishing marginal utility. The opportunity cost represents the slope of the budget constraint line which can also be calculated by dividing the relative prices of the two goods.

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