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QUESTION
Name a time you were indifferent between two goods. What were they? What made you indifferent between them?
- Name a time you were indifferent between two goods. What were they? What made you indifferent between them?
- Name a time there was a change (higher or lower) in your budget for two goods. What were they? How did the change affect your consumption choices?
- Name a time you believe you applied the utility maximization rule. What were the goods or services you chose to maximize your utility? How did this relate to your budget constraint?
