Rational choice of consumers" is said to exist when Select one: None of the options are correct All of the options are correct  People weigh the costs and benefits of each possibility in a reasonable manner In case of firms, rational assumption is to mean that firms operate to maximize profit People make decisions and choices in pursuit of his own self interest

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A: In order to derive the preference:-  4.5 x = 3.5 y  U( x , y ) = min { 4.5 x , 3.5 y }