As the term is used in economics, rationality implies that a consumer will a. seek to maximize his or her total satisfaction given the income available. b. None of the options is correct c. normally place the interests of others above those of him or herself d. seldom be constrained by limited income when it comes to buying the goods he or she really wants
As the term is used in economics, rationality implies that a consumer will a. seek to maximize his or her total satisfaction given the income available. b. None of the options is correct c. normally place the interests of others above those of him or herself d. seldom be constrained by limited income when it comes to buying the goods he or she really wants
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 4SQP
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Question
As the term is used in economics, rationality implies that a consumer will
a.
seek to maximize his or her total satisfaction given the income available.
b.
None of the options is correct
c.
normally place the interests of others above those of him or herself
d.
seldom be constrained by limited income when it comes to buying the goods he or she really wants
e.
purchase as large a quantity of the good he or she most prefers that his or her available income will permit
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