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1.) Explain the Budget Constraint Model and the different types that exist: -Constrained Consumer Choice -Constrained Consumer Choice with Perfect Complements -Constrained Consumer Choice with

1.) Explain the Budget Constraint Model and the different types that exist:

-Constrained Consumer Choice

-Constrained Consumer Choice with Perfect Complements

-Constrained Consumer Choice with Perfect Substitutes

-Constrained Consumer Choice with Quasilinear Preferences

2.) Compare the Budget Constraint Model with human rationality using journal articles.

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