ECO 365T Wk 4 Discussion – Utility Maximization and Behavioral Economics

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ECO 365T Wk 4 Discussion - Utility Maximization and Behavioral Economics
ECO 365T Wk 4 Discussion – Utility Maximization and Behavioral Economics
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ECO 365T Wk 4 Discussion – Utility Maximization and Behavioral Economics

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to classmates or your faculty member.

Due Day 3 

Respond to the following in a minimum of 175 words:

  • Discuss how the utility-maximization model helps highlight the income and substitution effects of a price change. Provide an example.

Due Day 7 

Post 2 replies to classmates or your faculty member. Be constructive and professional.