Multiple Choice
The assumption of completeness means that
A) the consumer can rank all possible consumption bundles.
B) more of a good is always better.
C) the consumers can rank all affordable consumption bundles.
D) all preferences conditions are met.
Correct Answer:
Verified
Correct Answer:
Verified
Q48: If the utility function (U)between food (F)and
Q49: Indifference curves that are thick violate<br>A) the
Q50: If Fred's marginal rate of substitution of
Q51: Assuming that good "x" is measured on
Q52: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6808/.jpg" alt=" -Max has allocated
Q54: Utility is the set of numerical values
Q55: Behavioral economics extends traditional economic models by<br>A)
Q56: Those who criticize individuals who choose to
Q57: Data shows that United States college students
Q58: If both prices decreases by 50%,<br>A) budget