Multiple Choice
Consider the concept of revealed preference. Suppose a consumer chooses basket A over basket B when basket B costs the same amount. The consumer:
A) must find basket better than basket .
B) must find basket better than basket .
C) must find basket at least as good as basket .
D) must find basket at least as good as basket .
Correct Answer:

Verified
Correct Answer:
Verified
Q35: The tangency condition for the optimal
Q36: At a consumer's interior optimum solution,
Q37: Suppose that a consumer considers coffee
Q38: Assume that we are modeling inter-temporal consumption
Q39: An increase in the amount of income
Q41: If good <span class="ql-formula" data-value="x"><span
Q42: When given a choice between a cash
Q43: Suppose the government is considering a program
Q44: When analyzing how borrowing and lending
Q45: Suppose the price of A is