Answer to Question #324214 in Microeconomics for Ssdj

Question

Economists assume that a consumer is expected to make rational decisions but not functional. As a consumer of Rice (Bundle A) and pizza food (Bundle B), *discuss* how you might apply economic reasoning in making your decisions rationally. What problems can arise when you make functional decision(s)?

Answer 1

Economic reasoning suggests that consumers work on different economic situations called rational self-interest based on behavioral assumptions.

Economically one should consider the option that lower the cost and him benefiting from.

Making the decision in the other way complicates the consumer economically.