In an economic model of consumer behavior, rational self-interest would likely be
A)a key variable
B)the hypothesis of the model
C)a behavioral assumption
D)a prediction of the model
E)a method of testing the model

Question

Quizplus · Accepted Answer

Rational self-interest is typically a behavioral assumption in economic models, as it assumes that individuals act in ways that maximize their utility or benefit.

In an Economic Model of Consumer Behavior, Rational Self-Interest Would