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Economics in Many Lessons

18. Consumer Choice and Behavioral Economics

Consumer Optimum Consumption: Marginal Utility per Dollar Spent

Showing that a Utility Function has Diminishing Marginal Utility

Expected Utility Theory   Risk Aversion

Economics of Insurance: Expected Utility, Actuarially Fair Premium

Need help with supply and demand, market structures, or elasticity? Complex ideas in microeconomics become clear with guided explanations and examples.

Brian Krogol

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