Neo-classical School of Thought

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Across
  1. 2. Neoclassical economists assume that consumer perceptions of the value of a product affect its price and...
  2. 5. the consumer's first concern is to maximize...
  3. 6. Neoclassical economics integrates the cost of production theory from classical economics with the concepts of utility
  4. 7. Neoclassical economists believe that consumers are always
Down
  1. 1. The theory also believes that consumers have full and relevant ___ regarding a product.
  2. 3. the value of a good is determined by the ___ utility experienced by the user
  3. 4. competition leads to an ___ allocation of resources.