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Alvin's Preferences for Good X and Good Y Are Shown

Question 40

Multiple Choice

Alvin's preferences for good X and good Y are shown in the diagram below. Alvin's preferences for good X and good Y are shown in the diagram below. Figure 3.2 -Refer to Figure 3.2. Which assumption concerning preferences do Alvin's indifference curves violate? A) Diminishing marginal rates of substitution B) Transitivity of preferences C) More is preferred to less D) Completeness E) both A and C Figure 3.2
-Refer to Figure 3.2. Which assumption concerning preferences do Alvin's indifference curves violate?


A) Diminishing marginal rates of substitution
B) Transitivity of preferences
C) More is preferred to less
D) Completeness
E) both A and C

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