Question 2

The ordinalist approach to the theory of consumer behaviour is based on the following assumption except that:

  • A.the consumer acts rationally
  • B.the consumer’s taste, habit and income are consistent
  • C.utilities are measurable in monetary value
  • D.there are only two commodities existing in the market and their prices are known
Objective

Question details

Exam body
UNIZIK
Subject
Economics
Year
2020/2021
Question no.
#2
Type
Objective

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