your roomate, Serafina, apsychology major, said, \' the problem with economics i

Question

your roomate, Serafina, apsychology major, said, ' the problem with economics is that it assumes that consumers and firms always make the correct decision. but we know that everyone's human, and we all make mistakes. " is Serafina's criticism accurate?
a/ no. if we cannot assume that decision are correct, then we will not be able to examine the moral implications of these decisions
b/yes. one cannot make predicitons about economis behavior because in reality pepple make incorrect choices in many situations.
c/ no. economics assumes that economic agents behave rationally, meaning they make the best decisions given their knowledge of the costs and benefits of these decisions.
d/ yes economic theory should allow for irrational behavior so that we can have more relialbe predicions.

Explanation / Answer

c/ no. economics assumes that economic agents behave rationally, meaning they make the best decisions given their knowledge of the costs and benefits of these decisions I am 100% sure this is the answer

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