Question:
What will the Consumer’s Objective be?
Author: eric_galvaoAnswer:
-To Maximise their Utility, which is confined by their Income -Utility will have Different outcomes for Different People - Some value the aspect of a Secure Pension Fund while others want Luxurious Sports Cars -Whatever they spend on, it is said to be Rational as it increases their Utility in their own Sense
0 / 5 (0 ratings)
1 answer(s) in total