What role does consumer utility maximization play, Microeconomics

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What role does consumer utility maximization play

Problem

1. What role does consumer utility maximization play in a general equilibrium analysis? What is the role played by firm cost minimization in a general equilibrium analysis?

2. What is Walras' Law? What is its significance?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What role does consumer utility maximization play

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Microeconomics: What role does consumer utility maximization play

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