Chapter Four
1 Preferences Molly W. Dahl Georgetown University Econ 101 – Spring 2009.
Chapter 3 Preferences. 2 Introduction The economic model of consumer behavior is very simple: people choose the best things they can afford. The last.
Chapter Three Preferences. u Consumer behavior is best understood in three distinct steps: 1. Consumer Preferences: The first step is to find a practical.
Ch4 Utility
Distance methods: p distances and the least squares (LS) approach.
Lecture-1
