Practical Application of the Neoclassical Model of Consumer Choice Word count: 1902 Introduction The neoclassical model of consumer behavior is founded on the basic idea that the consumer is looking to obtain the next bundle of goods and services they possibly can. Therefore, in deciding on this best bundle, the neoclassical economists assumed that consumers […]

Student ID Number Programme of study Module Date Practical Application of the Neoclassical Model of Consumer Choice Word count: 1902 Introduction The neoclassical model of consumer behavior is founded on the basic idea that the consumer is looking to obtain the next bundle of goods and services they possibly can. Therefore, in deciding on this […]