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

Question

Quizplus · Accepted Answer

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