Introduction to Economics 1 Deneme Sınavı Sorusu #725015

Frank plans to take his family away on holiday. Considering the fact that he has a crowded family, and he is the only person working in his family, he decides to book a bed and breakfast hostel. Which fundamental principle of consumer behaviors is applied by Frank?

Consumers make their decisions purposefully

One good can be substituted for another.

Consumers must make decisions without perfect information.

Limited income necessitates choice.

The law of diminishing marginal utility applies.

Yanıt Açıklaması:

Limited income necessitates choice. The main assumption of scarcity in economic theory states that we all have limited incomes. Limited income forces us to make choices about which goods we will and will not purchase. This will keep us within our budget. When more of one good or service is purchased, we must purchase less of some other good.

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SORUNUN CEVABI: D

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