Which of the Following Assumptions Is(are)NOT Made in Consumer Behavior

question 70

Multiple Choice

Which of the following assumptions is(are) NOT made in consumer behavior theory?

• A)Consumers can rank all bundles of goods.
• B)Consumers can measure the utility they get from all bundles of goods.
• C)Consumers have complete information.
• D)both a and b
• E)None of the above are assumptions made in consumer behavior theory.

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Definitions:

Appealed

To appeal means to request a higher court to review and change the outcome of a decision made by a lower court.

Reinvest Profits

The practice of using profits generated by a business to invest back into the business to promote growth and development.

Arbitration

A method of dispute resolution in which a neutral third party makes a binding decision after considering the evidence and arguments.