Essay
Why do economists insist on assuming that people behave rationally,when such an assumption is clearly false?
Correct Answer:

Verified
All scientists make false assumptions-as...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
All scientists make false assumptions-as...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Related Questions
Q60: While the model of supply and demand
Q61: The most basic concepts on which the
Q62: In the theory of monopoly,which of the
Q63: Optimization typically requires use of the equimarginal
Q64: Which of the following would be an
Q66: According to the equimarginal principle,if the marginal
Q67: An equilibrium is an outcome in which<br>A)
Q68: Equilibrium conditions are used to analyze the
Q69: Even if an economic model is not
Q70: The second stage of economic analysis includes