How can time incorporated into theory of consumer behavior
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What is the difference between the basic formula and the expanded formula used by individuals?
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How can time be incorporated into the theory of consumer behavior? Before economic growth, there were too few goods; after growth, there is too little time.
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Assume that the consumer has $10 to spend on A and B-that is, x + y = 10. How much utility will the marginal dollar yield?
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