Multiple Choice
Consider the following preference statements: (7, 9) is preferred to (5, 8) ; (18, 0) is preferred to (7, 9) ; and (5, 8) is preferred to (6, 5) . If the individual's preferences are consistent, then the preferences ordering over these four consumption bundles is:
A) (7, 9) , (5, 8) , (18, 0) , (6, 5) .
B) (18, 0) , (5, 8) , (7, 9) , (6, 5) .
C) (18, 0) , (7, 9) , (5, 8) , (6, 5) .
D) (5, 8) , (6, 5) , (18, 0) , (7, 9) .
Correct Answer:
Verified
Correct Answer:
Verified
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