Edexcel International AS and A level Economics XEC11/YEC11 · 1.3.2.1.b
Why consumers may not maximise utility
- Code
- 1.3.2.1.b
- In
- 1.3.2.1 Rational decision making
- Topic
- 1.3 Markets in action
- Course
- International AS and A level Economics XEC11/YEC11
- Board
- Edexcel
Grade boundaries·Edexcel command words
Codes and titles are read by a script from Edexcel's published specification and have not been checked by a person. What each point covers is in the specification itself: Edexcel’s specification.
Points in 1.3.2.1 Rational decision making
- 1.3.2.1.a Rationality assumption: utility and profit maximisation
- 1.3.2.1.b Why consumers may not maximise utility