Question

1. Which one is a criticism of the Marginal Productivity Theory? a. It assumes that all units of factors are homogeneous b. It assumes that allfactors can be substituted by each other c. It is assumed that all factors are perfectly mobile between different uses O d. All of the above?​

Answer 1

Answer:

The theory of consumer choice is the branch of microeconomics that relates preferences to consumption expenditures and to consumer demand curves. It analyzes how consumers maximize the desirability of their consumption as measured by their preferences subject to limitations on their expenditures, by maximizing utility