If all consumers are perfectly rational according to microeconomic models they should
A)All have the same marginal rate of substitution
B)Always buy more of the least expensive good
C)All end up with the same bundle of goods
D)All have the same level of satisfaction

Question

Quizplus · Accepted Answer

If all consumers are perfectly rational, they will all have the same marginal rate of substitution, which is the rate at which they are willing to trade one good for another. This means that they will all value the same bundle of goods in the same way.

If All Consumers Are Perfectly Rational According to Microeconomic Models