The economic analysis expects the consumer to behave in a manner which

1.	The economic analysis expects the consumer to behave in a manner which is
Answer» Rational The economic ANALYSIS expects the CONSUMER to BEHAVE in a manner which is Rational. The assumption of rational BEHAVIOR implies that people would rather be better off than worse off. Most conventional economic theories are based on the assumption that all individuals TAKING part in an action or activity are behaving rationally.

The economic analysis expects the consumer to behave in a manner which is

Answer»

Rational

The economic ANALYSIS expects the CONSUMER to BEHAVE in a manner which is Rational. The assumption of rational BEHAVIOR implies that people would rather be better off than worse off. Most conventional economic theories are based on the assumption that all individuals TAKING part in an action or activity are behaving rationally.

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The economic analysis expects the consumer to behave in a manner which is

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