A theory stating that individuals make purchasing decisions based on tastes which change randomly at random intervals is not useful because
A) it is not possible to test the predictions of the model.
B) tastes are not the only factor influencing behavior.
C) the model is too simplistic.
D) the predictions of such a model would be incorrect.
A
Economics
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Economies of scope are cost reductions achieved by
A) the production of multiple, related products. B) the production of large amounts of a single product. C) limiting the size of the firm. D) increasing firm size.
Economics
Refer to the above table. The table gives the combinations of real disposable income and real consumption for a college student for a year. What is the value of the average propensity to save when real disposable income equals $400?
A. 0.69 B. 1.45 C. -0.45 D. 0.7
Economics