Above, we have examined the trade-offs that economic actors (e.g., consumers, companies, investors) are willing to make.
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4. THE OPPORTUNITY SET: CONSUMPTION, PRODUCTION, AND INVESTMENT CHOICE Above, we have examined the trade-offs that economic actors (e.g., consumers, companies, investors) are willing to make. In this section, we recognize that circumstances almost always impose constraints on the trade-offs that these actors are able to make. In other words, we need to explore how to model t
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