Discussion Post
• What determines a household's consumption possibilities?
• How would you answer someone who says that marginal utility theory is useless because utility cannot be observed?
• What is consumer surplus? How is consumer surplus calculated?
• What is a firm and what is the fundamental economic problem that all firms face?
The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.