Consumer Theory
The behaviour of the economic agent – customer is a rational type of behaviour in order to maximize the satisfaction achieved through the use of commodities. In order to determine a rational behaviour, we start from the premise that every costumer has complete and accurate information on: the structure of commodities existing on the market and their ability to comply with certain wishes, market prices levels and the size of income that shall be spent in a given period in order to purchase various commodities. In order to fulfil its needs, the rational costumer has to chose from a basket of commodities the ones that: provide the greatest satisfaction under the circumstances of income and price restrictions.
Year of publication: |
2010
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Authors: | BABAITA, Ilie |
Published in: |
Annals - Economy Series. - Facultatea de Ştiinţe Economice şi Gestiunea Afacerilor, ISSN 1844-7007. - Vol. 2.2010, June, p. 91-102
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Publisher: |
Facultatea de Ştiinţe Economice şi Gestiunea Afacerilor |
Subject: | consumption | utility | marginal utility |
Saved in:
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