Chapter 6 -- Case and Fair -- Household Behavior and Con. Choice - updated 2009
Important sections:
section entitled: The Budget Constraint More Formally
Budget Constraints Change When Prices Rise or Fall
The Basis of Choice: Utility
Assigned problems from Problem Set: # 10
transparencies and other material -- you can view (click on the text)
and download or print out these files:
marginal utility discussion
amusement park problem
supplementary item:
"ET meets marginal utility theory" -- another
discussion of the essence of MU theory