With the theory of consumer behavior, graphically illustrate and
carefully explain why a cash gift generally is preferred to an
in-kind gift of equal value. Can an in-kind gift be as good as a
cash gift of equal value? Explain and graphically illustrate.
1. What assumption is made when considering the theory of
consumer behavior?
A. People do not have preferences.
B. Consumers always buy the lowest price item.
C. There are no budget limits.
D. People engage in rational behavior.
2. In a representative democracy, voters are _______ and
politicians are _______.
A. principals; agents
B. employees; agents
C. logrollers; principals
D. agents; employees
3. On what assumption do neoclassical and behavioral economics
disagree?
A. People have motivations.
B. People are almost...
what 3 concepts (in your opinion) are the most important to
Consumer Behavior?
What Consumer Behavior concept (does not have to be in our top
3 from above) is the most germane to your job or personal life? I
know there are a few concepts I employ with my son to get him to do
what I need him to do...
Use your own words (300 words +)
With the theory of consumer behavior, graphically illustrate
(manually (hand) drawn graph/diagram) and
carefully explain why an individual’s demand curve for an inferior
good is downward sloping.
Explain how the Expectation Theory and the Market Segmentation
Theory explain the behavior of the yield curve according to the
economic cycle.
Reference: 11th edition Financial Markets and Institutions by
Jeff Madura, Chapter 3
This is from my consumer behavior class.
Bryan is the brand manager for a brand of paper towels and knows
that consumers' involvement with this product is low. (i) What type
of conditioning (i.e., operant versus classical conditioning) is
appropriate for this situation? (ii) Provide an example of how
Bryan can use this conditioning type in question (i) above to
influence consumers to purchase his brand.
Explain the theory of the business cycle. What is the empirical
evidence on this theory? Select any three countries to highlight
your answer. Do your results support the classical/neoclassical or
modern political economy school of thought?