EET 200: INTERMEDIATE MICROECONOMICS THEORY

Institution UNIVERSITY
Course BACHELOR OF ECONOMIC...
Year 2nd Year
Semester Unknown
Posted By Brian Mike
File Type pdf
Pages 76 Pages
File Size 405.79 KB
Views 3043
Downloads 1
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Description

In your elementary microeconomics, the basic principles of consumer behaviour were introduced by laying a strong foundation on the theory of demand on which premise the consumer behaviour is build upon. The consumer behaviour is introduced as a utility maximising behaviour but subject to consumer’s ability to purchase. A consumer is portrayed as an agent who goes for the best that he/she can afford.
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