A Further Look at Demand

  • Jack Harvey
Chapter

Abstract

An individual who acts rationally will seek to obtain the maximum total satisfaction from limited resources. To do this, he balances the opportunity cost of various goods against the satisfaction each gives him. Usually the choice takes the form of a bit more of one good against a little bit less of another.

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Copyright information

© Jack Harvey 1994

Authors and Affiliations

  • Jack Harvey

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