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Q: Why are consumers behavior rational?
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Related questions

What are the essential elements of the basic competitive model?

rational, self interested consumers rational, profit maximizing firms competitive markets with price taking behavior


Do all rational consumers think alike?

yes


Assumptions in cardinalist approach in consumer behavior?

In the cardinalist approach in consumer behavior, one assumption is that consumers can rank their preferences for different goods and services. Another assumption is that consumers make rational and consistent choices based on these preferences. Additionally, this approach assumes that consumer utility can be measured numerically and compared across different choices.


Which action illustrates rational behavior?

Rational behavior is a process based on making decisions that result in the most benefit for the individual. An executive at a company retiring early illustrates this best.


Which behavior do all consumers share?

Greed. Definitely.


What behavior do all consumers share?

buying stuff :( :( :(


What has the author Patrick H McAllister written?

Patrick H. McAllister has written: 'Rational behavior and rational expectations'


What does rational-emotive behavior therapy do?

REBT focuses on helping patients discover these irrational beliefs that guide their behavior and replace them with rational beliefs and thoughts in order to relieve their emotional distress.


Which statements about rational emotive behavior therapy is false?

it does not use humor


What are the factors affecting the behavior?

Consumer behavior is affected by the earning power of the consumers. That means it is affected by the state of the economy.


What do you mean by consumers behavior give its importance in economics?

what do you mean by consumer;s behavior give its importance in ecomonics


What effect can consumers behavior have on you?

You will pay higher prices on goods and services.