Which of the following is an assumption of the theory of consumer behaviour ?
A foundational assumption of economic consumer behaviour theory is that the consumer is rational and seeks to maximize total satisfaction (utility) given their limited…
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Which of the following is an assumption of the theory of consumer behaviour ?
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Correct answer C
A foundational assumption of economic consumer behaviour theory is that the consumer is rational and seeks to maximize total satisfaction (utility) given their limited income and market prices.
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RPSC School Lecturer (School Education)