Microecono 204 Study guides, Class notes & Summaries
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MICROECONO 204_Sophia Milestone 1_Microeconomics Unit 1 Questions with Answers
- Exam (elaborations) • 10 pages • 2021
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13 questions were answered correctly. 
7UNIT 1 — MILESTONE 1 questions were answered incorrectly. 
1 
Brent decides to purchase ground beef to make tacos rather than pricier steak because his weekly budget restricts his expenditure on food. 
Brent is acting as a rational consumer in that he is recognizing that __________. 
 
he needs to stay within his budget constraint 
 
he is spending beyond his budget to feed his family 
 
he is purchasing where his marginal cost is greater than his ma...