In the standard models in economics,consumers maximize utility because they are:

A) rational.
B) demand-constrained.
C) inferior.
D) comfortable.

Question

In the standard models in economics,consumers maximize utility because they are:A) rational.B) demand-constrained.C) inferior.D) comfortable.

Nancy Kamara · Accepted Answer

Final Answer : A, Explanation :  In standard economic models, consumers are assumed to be rational actors who seek to maximize their own utility or satisfaction. This means that they carefully weigh the costs and benefits of different options before making a decision. Therefore, choice A is the best answer.

In the standard models in economics,consumers maximize utility because they are:

A) rational.
B) demand-constrained.
C) inferior.
D) comfortable.

Definitions

Learning Objectives

Learning Objectives

Related questions