Solved

The Theory of Consumer Behavior Assumes That

Question 131

Multiple Choice

The theory of consumer behavior assumes that


A) consumers behave rationally, attempting to maximize their satisfaction.
B) consumers have unlimited money incomes.
C) consumers do not know how much marginal utility they obtain from successive units of various products.
D) marginal utility is constant.

Correct Answer:

verifed

Verified

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

Related Questions

Q126: What is shown by the indifference map

Q127: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the

Q128: Which of the following defines marginal utility?<br>A)the

Q129: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the

Q130: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" The shift of

Q132: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" The budget line

Q133: If you purchase a gift worth $12

Q134: A parallel shift in a budget line

Q135: If you purchase a gift worth $25

Q136: Most economists contend that<br>A)noncash gifts are more