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theory of choice Raging 03/10/04
    hi sir in the economic theory of of choice, does it assume that consumers have tastes & preferences, are constrained by budget constraints, they make choices to maximise their satisfaction or all off these please explain. thank you.

      Clarification/Follow-up by Raging on 03/10/04 8:42 pm:
      So it saying with the example: "when I want to meet my need for fun, one of my organized behaviors is to go out to dinner with my wife and another couple." that the economic theory of choice assume that consumers make choices to maximise their satisfaction as that's what i'm getting at.

      Clarification/Follow-up by ROLCAM on 03/10/04 9:12 pm:
      You have got it.

      Cheers!!!

      ROLCAM.

 
Summary of Answers Received Answered On Answered By Average Rating
1. Dear Raging, I would direct you to have a good look at the ...
 03/10/04 ROLCAMExcellent or Above Average Answer
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