Micro 1.6-Consumer Choice and The Globe Toss
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Last updated 5 months ago
2 questions
Required
1
Globe Toss! Catch the globe. Find where your finger lands, denote the country. If it is on water, catch it again. Once you catch on a country, do a quick google search. Look up two goods that a consumer in this country might consume. Pretend you are that consumer. Label those goods on the BUDGET LINE (BL) below. Use the scribble tool and the color green to denote the region of consumption bundles that you can afford. Use the scribble tool and the color red to denote the region of consumption bundles that you cannot afford. Don't forget the line....would the line be green (afford) or red (not afford)?
Globe Toss! Catch the globe. Find where your finger lands, denote the country. If it is on water, catch it again. Once you catch on a country, do a quick google search. Look up two goods that a consumer in this country might consume. Pretend you are that consumer. Label those goods on the BUDGET LINE (BL) below. Use the scribble tool and the color green to denote the region of consumption bundles that you can afford. Use the scribble tool and the color red to denote the region of consumption bundles that you cannot afford. Don't forget the line....would the line be green (afford) or red (not afford)?
Required
1
What consumption bundle should you consume to maximize your happiness? Why?
What consumption bundle should you consume to maximize your happiness? Why?