Explain what is implied by the assumption that decision-makers are Essa

let off what is implied by the assumption that decision-makers are reasonable?How is the assumption of rationality character in the economical analysis ofindividual behaviour?In umteen academic disciplines much is spoken about rationality andrational choices. Economists in general refer to rational choicesand that individuals in economic theory are rational. By rational wemean heap choose options which they perceive to be the best, giventhe parcel they are in. In terms of making rational choicessome of the apt options for object lesson of going to work would be Actu to each oney going to work. Staying at home Going out shopping Buying a theatre of operations Fly to the moon etc.But with these choices we face constraints and it is these constraintsthat define our feasible options so flying to the moon would not bea feasible option. and then the options we can choose from is calledthe feasible set and it is our likeences i.e. our likes anddislikes and their relative intens ity, which determines which feasibleoption we choose. When we make a choice it generates utility whichis a measure of the emotional experience associated with the outcomeof a choice so basically the satisfaction from the consumption of agood. We have words about total utility meaning the total satisfaction aperson gains from all wholes of a commodity consumed within a timeperiod. We also use the term marginal utility which is additionalsatisfaction gained from consuming one extra unit within a timeperiod. There is a general dumbfound of rational choice where economists sorb that agents such as decision makers bequeath firstly identify afeasible set of options and then valuate the expected utility of eachoption ... ...tility and therefore theamount of meals must decrease to keep the utility constant. Due tothe fact that the consumer will prefer more to less the curve mustslope downwards. The slope of each curve does get steadily flatter aswe move to the regenerate due to the a ssumption of a diminishing marginalrate of substitution. For example in this case at commit A theconsumer will ritual killing a lot of films for few meals because he/shehas so many films. Whereas point B he/she has less films relative tomeals so willing to hand a smaller amount of films for additionalmeals.However this kind of economic analysis is based on rational behaviourof consumers. It does not grapple into account people with maybeaddictions such as smokers or people under the influence of alcohol ordrugs. In economics we assume rational thinking and behaviour willalways take place.