Solved

What Is a Baseline Assumption That Economists Make About Consumer

Question 4

Multiple Choice

What is a baseline assumption that economists make about consumer behavior?


A) People are rational utility maximizers.
B) People will always choose short-term benefits to longer-term payoffs.
C) People will always choose what makes them happiest.
D) People are unpredictable.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q1: Johnny spends his Saturday doing a variety

Q2: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8422/.jpg" alt=" Assume Kara's budget

Q3: Corey has a blue sweater and a

Q5: When someone is served pizza and soda

Q6: Kimberly decides to decrease her hours at

Q7: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8422/.jpg" alt=" Assume the graph

Q8: The table shown describes the different combinations

Q9: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8422/.jpg" alt=" If Xavier's budget

Q10: Which of the following statements is true

Q11: Billy is deciding whether to stay home