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Tags
#cfa #cfa-level-1 #economics #microeconomics #reading-14-demand-and-supply-analysis-consumer-demand #section-3-utility-theory #study-session-4
Question

3. UTILITY THEORY: MODELING PREFERENCES AND TASTES


The section is divided in:

3.1. [...]

3.2. Representing the [...]

3.3. [...] The Graphical Portrayal of the [...]

3.4. Indifference Curve Maps

3.5. Gains from Voluntary Exchange: Creating Wealth through Trade

Answer
Axioms of the Theory of Consumer Choice

Preference of a Consumer: The Utility Function

Indifference Curves: Utility Function

Tags
#cfa #cfa-level-1 #economics #microeconomics #reading-14-demand-and-supply-analysis-consumer-demand #section-3-utility-theory #study-session-4
Question

3. UTILITY THEORY: MODELING PREFERENCES AND TASTES


The section is divided in:

3.1. [...]

3.2. Representing the [...]

3.3. [...] The Graphical Portrayal of the [...]

3.4. Indifference Curve Maps

3.5. Gains from Voluntary Exchange: Creating Wealth through Trade

Answer
?

Tags
#cfa #cfa-level-1 #economics #microeconomics #reading-14-demand-and-supply-analysis-consumer-demand #section-3-utility-theory #study-session-4
Question

3. UTILITY THEORY: MODELING PREFERENCES AND TASTES


The section is divided in:

3.1. [...]

3.2. Representing the [...]

3.3. [...] The Graphical Portrayal of the [...]

3.4. Indifference Curve Maps

3.5. Gains from Voluntary Exchange: Creating Wealth through Trade

Answer
Axioms of the Theory of Consumer Choice

Preference of a Consumer: The Utility Function

Indifference Curves: Utility Function
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Section 3. UTILITY THEORY: MODELING PREFERENCES AND TASTES
3. UTILITY THEORY: MODELING PREFERENCES AND TASTES The section is divided in: 3.1. Axioms of the Theory of Consumer Choice 3.2. Representing the Preference of a Consumer: The Utility Function 3.3. Indifference Curves: The Graphical Portrayal of the Utility Function 3.4. In

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