The nature and role of rationality and equilibrium in neoclassical microeconomics.

Click here to get a complete copy of this paper

Rationality emanates from the rational behavior theory that states that individuals behave rationally when making economic decisions. On the other hand, equilibrium output and price is determined by the interactions of the market supply and demand’s aggregation across firms. Both aspects determine the nature and driving factors that influence supply and demand of an enterprise…

Click here to get a complete copy of this paper

Powered by WordPress | Designed by: photography charlottesville va | Thanks to ppc software, penny auction and larry goins