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