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Other Fields Homework Help Economics Topic started by: sgy_89 on May 25, 2017



Title: Phyllis always buys the most expensive brand of any product. This behavior
Post by: sgy_89 on May 25, 2017
Phyllis always buys the most expensive brand of any product. This behavior
A) is clearly inconsistent with the economists' model of human behavior.
B) would be consistent with the economists' model if Phyllis is rich and has unlimited time for shopping.
C) would be consistent with the economists' model if Phyllis's experience has convinced her that you always get what you pay for.
D) would be consistent with the economists' model if Phyllis has unlimited time for shopping.


Title: Re: Phyllis always buys the most expensive brand of any product. This behavior
Post by: Vila on May 25, 2017
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