Make a consumption decision

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Reference no: EM131837701

Think about a time in the last month where you were forced to make a consumption decision in a way that would maximize your utility. We are all utility maximizers so there is a reason why some of you would prefer to buy 1 pizza and 1 pitcher of beer than 2 pizzas!

Use at least two of the following economic terms when discussing your real life examplemarginal utility, budget constraint, preferences, opportunity cost

Reference no: EM131837701

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