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The Assumption That Preferences Are Complete Requires the Consumer

Question 4

Multiple Choice

The assumption that preferences are complete requires the consumer:


A) to rank any two baskets.
B) to say that basket C is preferred to basket A if basket B is preferred to basket A and basket C is preferred to basket B.
C) to rank a basket with more units of all goods higher than a basket with fewer units of all goods.
D) to have a diminishing marginal rate of substitution.

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