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Question 1. Individual optimization and market equilibrium are two major concern of neoclassical economics in the 203' century. Finish the following parts. Your answer is

Question 1. Individual optimization and market equilibrium are two major concern of neoclassical economics in the 203' century. Finish the following parts. Your answer is about 250 Words for each. a) What is a rational choice or a rational behavior according to the denition of the neoclassical? l b) How the rational assumption was challenged by the \"bounded rationality\" of Simon Herbert? In this part, you need to explain why and how irrational behavior may exist

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