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Vera_Pavlovna [14]
3 years ago
7

Hector would like to buy a new pair of soccer cleats. Hector prefers Adidas to Puma brand soccer cleats. But Hector chooses to b

uy the Puma brand cleats instead. Which of the following reasons for Hector’s choice is consistent with rational consumer choice?
a. The price of Puma brand soccer cleats was less than the price of Adidas brand soccer cleats.
b. The price of Adidas brand soccer cleats was less than the price of Puma brand soccer cleats.
c. Hector could not afford to buy both pairs of soccer cleats.
d. Hector did not know his preferences between the two brands of soccer cleats.
Business
1 answer:
oksano4ka [1.4K]3 years ago
3 0

Answer: Option (A) is correct.

Explanation:

It was given that consumer prefers Adidas to puma brand soccer cleats but he buys puma brand soccer cleats. This is only because of the price theory and rational consumer choice. We know that a rational consumer will choose a product with a lower price. Both puma and Adidas brand soccer cleats are substitutes, thus, if the price of puma cleats is lower than the Adidas cleats then he should prefer puma brand soccer cleats.

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Answer:

The answer is "Option A"

Explanation:

RE stands for retained income, In this system also requires the net income to be used in the accounting and cash flows, while the statement of money flow, which is not released as dividends of shareholder value, is used instead for new investments within the company, and other options are were wrong that can be described as follows:

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100

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