Solved

The Theory of Consumer Behavior Assumes That Consumers Can Compare

Question 132

Multiple Choice

The theory of consumer behavior assumes that consumers can compare and rank all possible market baskets. This assumption is called:

A) completeness.
B) transitivity.
C) nonsatiation (more is preferred to less) .
D) rationality.

Related Questions

Q124: Sue views hot dogs and hot dog

Q125: The price of lemonade is $0.50; the

Q126: A consumer has $100 per day to

Q127: At commodity bundle A, which consists of

Q128: Alvin's preferences for good X and good

Q129: Sheila can watch as many television programs

Q130: If a consumer prefers basket A to

Q131: Scenario 3.1:<br>Andy derives utility from two goods,

Q133: Alvin's preferences for good X and good

Q134: Sally consumes two goods, X and Y.