Some modern theories of consumers behavior have: A.emphasized that consumption is basically an instantaneousact. B.contended that in the MUx/Px = MUy/Py equation MU isunderstand foe time-intensive goods. C.introduced the opportunity cost of time as a component ofproduct price. D.argued that inflationary expectations negate the theory ofconsumer behavior. Some modern theories of consumers behavior have: A.emphasized that consumption is basically an instantaneousact. B.contended that in the MUx/Px = MUy/Py equation MU isunderstand foe time-intensive goods. C.introduced the opportunity cost of time as a component ofproduct price. D.argued that inflationary expectations negate the theory ofconsumer behavior.
Explanation / Answer
Try C introduced the opportunity cost of tme as a component ofproduct price. It cannot be A, B, or D Please rate all your answers. It means thankyou.