in Economics it is generally assumed that the consumer is a _______ individual
Answers
Answered by
7
Answer:
in Economics it is generally assumed that the consumer is a maximize individual
Answered by
2
Answer:
In Economics it is generally assumed that the consumer is a rational individual.
Explanation:
- The consumer will want to look for a combination of goods that give them Maximum satisfaction. They will spend their income accordingly on the choice of different goods.
- The consumer will buy the goods on basis of his choice and preference and decides on the demand for a commodity on the basis of its utility to him
- A consumer is a rational individual and the utility that a person gets from the commodity can change with change in place and time.
To know more about consumer
Is a frog a primary consumer seconday consumer or a tertiary consumer?
https://brainly.in/question/6491164
Similar questions