Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / State true or false and justify your answer: Two rational individuals will always make the same choices when faced with the same circumstances

State true or false and justify your answer: Two rational individuals will always make the same choices when faced with the same circumstances

Marketing

State true or false and justify your answer:

Two rational individuals will always make the same choices when faced with the same circumstances.

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Answer Preview

The given statement is false.

Explanation:

A rational consumer is one who analyzes the situation and relates it with past experiences and then makes a conclusion about whether to buy a product or not. Rational consumer makes decisions according to their self-interest as well, and it would be different for each individual in the economy due to their individual indifferences. As a result, two rational consumers may act differently in the same circumstances due to variation in their taste and preferences, and self-interest.