The Assumption That Preferences Are Transitive Requires the Consumer

Multiple Choice

The assumption that preferences are transitive requires the consumer:

A) to rank any two baskets.
B) to say that basket is preferred to basket if basket is preferred to basket and basket is preferred to basket .
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.