Multiple Choice
Which of the following assumptions is(are) NOT made in consumer behavior theory?
A) Consumers can rank all bundles of goods.
B) Consumers can measure the utility they get from all bundles of goods.
C) Consumers have complete information.
D) both a and b
E) None of the above are assumptions made in consumer behavior theory.
Correct Answer:

Verified
Correct Answer:
Verified
Q65: In the following graph the consumer's income
Q66: The price of X is $20 and
Q67: Suppose a consumer who purchases only two
Q68: rate at which a consumer is ABLE
Q69: The figure below shows a consumer maximizing
Q71: In a world with only two goods
Q72: In the following graph the price
Q73: If the marginal rate of substitution of
Q74: Based on the following graph,at point C,
Q75: A consumer has the indifference map shown