asked 40.5k views
5 votes
Given the same choices, people make different decisions. This is because people have _____ . individual preferences the same tastes equal marginal benefits

asked
User Bjarne
by
8.7k points

2 Answers

4 votes

I'm guessing the options are "individual preferences", "the same tastes" and "equal marginal benefits". If so it should be the first option.

answered
User Prutswonder
by
8.3k points
2 votes

The correct answer is:

Individual preferences.

Individual preference is the systemization of options based on their comparative utility, that provides a choice.

According to economics and social science, individual preferences are defined only by taste determinants. They are not affected by prices, income, or availability of goods.

answered
User Bhargav Jhaveri
by
7.3k points
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