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Below is a list of assumptions about decision making. Consumers are rational. Consumers are selfish. Consumers have limited incomes. Consumers have limited wants. Consumers can

Below is a list of assumptions about decision making. Consumers are rational. Consumers are selfish. Consumers have limited incomes. Consumers have limited wants. Consumers can rank preferences. Consumers acknowledge prices. What do economists assume when evaluating the utility-maximizing decision-making process? Multiple choice question. 1, 3, 4, and 5 1, 2, 3, and 5 1, 3, 5, and 6 1, 2, 4, and 6

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