Economists can predict what consumers in general will do because all humans seek __________.
Select one of the options below as your answer:
a. profits
b. wealth
c. increased production
d. benefit maximization

Question

Grade: Education Subject: business
Economists can predict what consumers in general will do because all humans seek __________.
Select one of the options below as your answer:
a. profits
b. wealth
c. increased production
d. benefit maximization
Asked by:
239 Viewed 239 Answers

Answer (239)

Best Answer
(542)
Economists can predict what consumers in general will do because all humans seek D. BENEFIT MAXIMIZATION.

Consumers want to get the value for their money. They buy goods that are worth the amount they are willing to spend.

For example, in comparing two products, product A is cheaper but has a shorter life-span. Product B is pricier but lasts longer than Product A. 

Given the choices, I'd prefer to buy Product B because I will benefit form it for a longer time than Product A.