Econ1540 Final Exam Part 2 – Take Home Writing Assignment. Solution Provided

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From your personal experience, identify an action you had to choose or are frequently choosing, a trade-off or cost associated with that action, and the overarching motivation that is driving your act... ion choice. Capture the essential aspects of your choice in an optimization problem including at least one parameter. Solve the model you have set up. Find at least one comparative static and interpret your formal results in the context of the original setting. [Show More]

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