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What best explains why considering opportunity costs is a rational thing for consumers do?
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∙ 7y ago
What you sacrifice for a decision is one of the non-monetary costs of many choices.
Evie Stiedemann
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What best explain why considering opportunity costs is a rational thing for consumers to do?
What you sacrifice for a decision is one of the non-monetary costs of many choices.
What are the essential elements of the basic competitive model?
rational, self interested consumers rational, profit maximizing firms competitive markets with price taking behavior
Which of the following is not something that consumers need to pay attention to in order to make rational choices?
Productivity levels
Which of the following is not something that consumers need to pay attention to order to make rational choices?
Productivity levels
Is not something that consumers need to play attention to in order to make rational choices?
Productivity Levels, dude.
What explains why considering opportunity costs is a rational thing for consumers to do?
What you sacrifice for a decision is one of the non-monetary costs of many choices.
Is considering opportunity costs is a rational thing for consumers to do?
What you sacrifice for a decision is one of the non-monetary costs of many choices.
Is considering opportunity costs is a rational thing for consumers to do what?
What you sacrifice for a decision is one of the non-monetary costs of many choices.
What best explain why considering opportunity costs is a rational thing for consumers to do?
What you sacrifice for a decision is one of the non-monetary costs of many choices.
Which of the following best explains why considering opportunity cost is a rational thing for consumer to do?
What you sacrifice for a decision is one of the non-monetary costs of many choices
Do all rational consumers think alike?
yes
What are the essential elements of the basic competitive model?
rational, self interested consumers rational, profit maximizing firms competitive markets with price taking behavior
Which of the following is not something that consumers need to pay attention to order to make rational choices?
Productivity levels
Which of the following is not something that consumers need to pay attention to in order to make rational choices?
Productivity levels
Is not something that consumers need to play attention to in order to make rational choices?
Productivity Levels, dude.
Is every mixed number rational?
no but if you are not considering 1/pi or any other irrational number then the answer is yes
How can consumers be wrong but still be using the principle of benefit when they decide to buy something?
Consumers are still being rational (sensible) when they purchase something that results in no benefit if they believed that it would give them benefit when they purchased it.
