Answer to Question #17026 in Microeconomics for asia
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
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.
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