Skip to content
MathsGenie logo
Quick links
Open app

Course home

  1. A Level
  3. Economics Edexcel A
  5. Question bank

1.2.1 Rational decision making

EasyMedium
123
Question 3

A recent consumer survey suggests that 68% of broadband users in Spain are planning to switch service providers in the coming year.

Which of the following describes the key underlying assumptions of rational decision-making in traditional economic theory?

Consumers aim to minimise utility and firms aim to maximise profits

Consumers aim to maximise utility and firms aim to maximise profits

Consumers aim to maximise utility and firms aim to minimise revenue

Consumers aim to minimise utility and firms aim to minimise costs

1.2.1 Rational decision making Questions

  1. A Level
  2. /Economics
  3. /1.2.1 Rational decision making