Economics
Textbooks
Boundless Economics
Consumer Choice and Utility
The Demand Curve and Utility
Economics Textbooks Boundless Economics Consumer Choice and Utility The Demand Curve and Utility
Economics Textbooks Boundless Economics Consumer Choice and Utility
Economics Textbooks Boundless Economics
Economics Textbooks
Economics
Concept Version 8
Created by Boundless

Theory of Utility

Consumer making a decision

Consumer making a decision

When making an economically rational purchasing decision, a consumer must consider all of their personal preferences.

Source

    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "US Navy 060513-N-5174T-045 Lt. Taylor Forester makes a few last minute decisions before purchasing a gold necklace from a Navy Exchange vendor aboard the Nimitz-class aircraft carrier USS Ronald Reagan (CVN 76)."
    http://en.wikipedia.org/wiki/File:US_Navy_060513-N-5174T-045_Lt._Taylor_Forester_makes_a_few_last_minute_decisions_before_purchasing_a_gold_necklace_from_a_Navy_Exchange_vendor_aboard_the_Nimitz-class_aircraft_carrier_USS_Ronald_Reagan_(CVN_76).jpg Wikipedia CC BY-SA.

Related Terms

  • Rational individual
  • Subjects
    • Accounting
    • Algebra
    • Art History
    • Biology
    • Business
    • Calculus
    • Chemistry
    • Communications
    • Economics
    • Finance
    • Management
    • Marketing
    • Microbiology
    • Physics
    • Physiology
    • Political Science
    • Psychology
    • Sociology
    • Statistics
    • U.S. History
    • World History
    • Writing

    Except where noted, content and user contributions on this site are licensed under CC BY-SA 4.0 with attribution required.