Do you want BuboFlash to help you learning these things? Or do you want to add or correct something? Click here to log in or create user.



#cfa #cfa-level-1 #economics #microeconomics #reading-14-demand-and-supply-analysis-consumer-demand #section-4-the-opportunity-set #study-session-4
we need to explore how to model the constraints on behavior that are imposed by the fact that we live in a world of scarcity
If you want to change selection, open document below and click on "Move attachment"

4. THE OPPORTUNITY SET: CONSUMPTION, PRODUCTION, AND INVESTMENT CHOICE
ade-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, <span>we need to explore how to model the constraints on behavior that are imposed by the fact that we live in a world of scarcity: There is simply not enough of everything to satisfy the needs and desires of everyone at a given time. Consumers must generally purchase goods and services with their limited incomes a


Summary

statusnot read reprioritisations
last reprioritisation on suggested re-reading day
started reading on finished reading on

Details



Discussion

Do you want to join discussion? Click here to log in or create user.