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A basic assumption about consumers in microeconomic

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Subject: Economics
Due on: 06/11/2017
Posted On: 06/11/2017 08:50 AM

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A basic assumption about consumers in microeconomics is that they have preferences over

different baskets of goods. Explain the concepts “preference”, “preference order”, and “basket

of goods”.

Tags microeconomic consumers aumption basic preference goods explain concepts order basket baskets consumers aumption microeconomics preferences different basic

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