Budget Contraints

Drawing upon a simple analysis of the variables influencing the price of a cup of coffee, this video explains the fundamentals of budget constraints. You can use this resource to revisit the concept of opportunity cost introduced earlier.

 

Source: Marginal Revolution University, https://youtu.be/sNRZE0kwNGI?si=dlL9NRcUCBeeARPw
Creative Commons License This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 License.

Last modified: Wednesday, November 15, 2023, 3:36 PM