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Author Question: Economists usually assume that people act in a rational, self-interested way. In explaining how ... (Read 94 times)

skymedlock

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on: Jun 29, 2018
Economists usually assume that people act in a rational, self-interested way. In explaining how consumers make choices this means that economists believe
 
  A) consumers will spend their incomes and time on activities that benefit themselves as much as possible, without regard to the welfare of others.
  B) consumers spend their incomes to order to accumulate the most goods and services.
  C) consumers make choices that will leave them as satisfied as possible given their incomes, tastes, and the prices of goods and services available to them.
  D) consumers will always buy goods and services at the lowest possible prices.

Question 2

Which of the following characterizes the market that Chipotle competes in?
 
  A) Fast-casual restaurants sell identical products.
  B) All fast-casual restaurants face horizontal demand curves.
  C) Barriers to entry are low.
  D) There are a small number of firms.
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bob

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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skymedlock

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Dinolord

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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