signments must be submitted by the due date in the syllabus ( Late subn er the f

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signments must be submitted by the due date in the syllabus ( Late subn er the first week u can leave the assignment and come back to change answers or finish it swers. DO NOT hit the SUBMIT button until you have completed the ass u cannot go back and change answers. r this assignment, there is only one correct multiple choice answer for eac Question 1 Budget constraints impose scarcity, and are based upon the prices of the items purchased.changing over time O the limitation of the budget. how much utility one more unit of a good will provide. DQuestion 2 Rational decision-making ignores any consideration of:

Explanation / Answer

Option 1
Budget constraints refers to all possible combination of goods and services which can be brought by the given income level and scarcities arises when the price of goods changes.

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