In an economic model of consumer behaviour, what would rational self-interest be?
A) a key variable
B) the hypothesis of the model
C) an assumption
D) a method of testing the model

Question

In an economic model of consumer behaviour, what would rational self-interest be?  
A) a key variable 
B) the hypothesis of the model 
C) an assumption 
D) a method of testing the model

Quizplus · Accepted Answer

Rational self-interest is one of the basic assumptions in economic models of consumer behavior. It assumes that individuals act in a self-interested manner and make rational decisions based on their own preferences and constraints. This assumption is used to simplify and predict consumer behavior in various economic contexts.

In an Economic Model of Consumer Behaviour, What Would Rational