DP Economics Questionbank
2.4 Critique of the maximizing behaviour of consumers and producers (HL only)
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Description
[N/A]Directly related questions
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18M.1.HL.TZ2.2a:
Explain why some firms might choose the goal of profit maximization while others might choose to adopt satisficing behaviour.
- 22M.3.HL.TZ0.2a.vii: Define the term rational consumer choice.
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22M.3.HL.TZ0.2a.viii:
With reference to the use of cars in India, explain how one limitation of the assumptions of rational consumer choice might result in the overuse of cars in New Delhi.
Sub sections and their related questions
2.4.1 Rational consumer choice
- 22M.3.HL.TZ0.2a.vii: Define the term rational consumer choice.
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22M.3.HL.TZ0.2a.viii:
With reference to the use of cars in India, explain how one limitation of the assumptions of rational consumer choice might result in the overuse of cars in New Delhi.
