The earliest hint of globalization can be traced to 325 BC. The government under Alexander created an environment conducive to trade and commerce. Trade expanded from Greece to as far as Asia, with Asia is among the most popular goods traded. The establishment of trade with Africa and America in the seventeenth century also led to the expansion of trade.

Ryan is deciding between attending western state university and eastern state university. he cannot attend both universities simultaneously. both are fine universities, but the reputation of western is slightly higher, as is the tuition. let mu subscript upper e and mu subscript upper w be ryan's marginal utilities from attending eastern and western state universities respectively and upper p subscript upper e and upper p subscript upper w be the prices of attending eastern and western state universities. using the rule of consumer optimum, ryan will decide to attend eastern state university, if mue/pe exceeds muw/pw attend eastern state university if mue/pe is less than muw/pw attend western state university, if pe/mue< pw/muw attend western state university, since it gives him more utility.