Multiple Choice
Nonsatiation implies that consumption bundles:
A) which are nearer the origin are preferred.
B) which contain more of all goods are preferred.
C) which contain fewer of all goods are preferred.
D) which contain more of one good and less of another are preferred.
Correct Answer:
Verified
Correct Answer:
Verified
Q61: The utility function U(x<sub>1</sub>,x<sub>2</sub>)= min(x<sub>1</sub>,x<sub>2</sub>)is an apt
Q62: The nonsatiation assumption implies that more is
Q63: If the utility number associated with consumption
Q64: The value of a good is determined
Q65: If the utility number associated with consumption
Q67: If an indifference curve has a kink,
Q68: Which of the following is required for
Q69: If an indifference curve is convex, the
Q70: If the marginal rate of substitution is
Q71: The slope of an indifference curve reflects:<br>A)the