The first assumption of rational choice theory says that consumers seek and make their choice on that basis.

D. one optimal solution to a problem.

Explanation:

The Rational Choice Theory is proposed by Adam Smith in the late eighteenth century. The Rational choice theory is used in number of fields such as philosophy, economics, and psychology.

According to this theory, people tend to make choices that includes self-interest and will benefit them in the long run. The first assumption of rational choice theory is that consumers seek personal preference and one optimal solution to a problem and make decision based on this preferences.

Therefore, the correct option is D.

convection currents in magma drive plate tectonics. the answer is true.

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi