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06.1 Utility Maximization PDF

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This document discusses introductory microeconomics concepts of constrained optimization and marginal analysis. Constrained optimization refers to maximizing utility given constraints like budgets. Marginal analysis examines how utility changes in response to consuming or producing an additional unit of a good or service.

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06.1 Utility Maximization PDF

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14.

01X INTRODUCTORY AP MICROECONOMICS

Utility Maximization – Part 1

KEY TERMS

Constrained Optimization (0:50)

Marginal Analysis (2:10)

KEY GRAPHS

None

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06.1 Utility Maximization PDF

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14.

01X INTRODUCTORY AP MICROECONOMICS

Constrained Optimization (0:50)

Marginal Analysis (2:10)

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