Answer to Question #17026 in Microeconomics for asia

Question

1-Which is a dimension or assumption of the marginal-utility theory of consumer behavior?

a-The consumer has a budget constraint.
b-The consumer operates in irrational ways
c-The consumer experiences increasing marginal utility
d-The consumer obtains goods and services at a discount

Answer 1

a-The consumer has a budget constraint.

Each consumer is limited in the budget. Exactly thinking about how much money he has, is an explanation of his behavior . Also the consumer in the
behavior relies on experience and rationality.