CBSE BOARD XII, asked by shrutijain2343, 1 year ago

in Economics it is generally assumed that the consumer is a _______ individual ​

Answers

Answered by innocent49
7

Answer:

in Economics it is generally assumed that the consumer is a maximize individual

Answered by mindfulmaisel
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

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