When economists assume that people are rational, they assume that
A) consumers maximize profits.
B) firms maximize revenues.
C) consumers maximize utility.
D) firms maximize output.
Correct Answer:
Verified
Q166: Table 22-4 Q167: Table 22-5 Q168: The median-voter theorem explains why Q169: Which of the following is an example Q170: Studies of human decision-making show that Q172: The Borda count fails to satisfy which Q173: The median voter's preferred outcome is the Q174: Majority rule will produce the outcome most Q175: An implication of the median voter theorem Q176: Table 22-4
The following table shows the
A)politicians take extreme
A)firms are
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