Multiple Choice
The completeness assumption implies that:
A) indifference curves are convex.
B) the individual is indifferent between all bundles.
C) indifference curves are smooth.
D) any two points in the x - y space can be ranked.
Correct Answer:

Verified
Correct Answer:
Verified
Q14: The utility function U(x,y)= 2x + y
Q15: Consider the following utility function: U(x,y)= 2y
Q16: The fact that I'm willing to eat
Q17: Consider four consumption bundles, denoted by A,
Q18: Benoit's preferences are given by the utility
Q20: Figure 2A<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3559/.jpg" alt="Figure 2A
Q21: Jane's utility function is given by: U(x,
Q22: Given the following utility function, U(x<sub>1</sub>,x<sub>2</sub>)= x<sub>1</sub><sub>
Q23: Which of the following is not a
Q24: Cheryl is always willing to trade 3