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 consumer can rank all affordable consumption bundles.
D) all preferences conditions are met.
Correct Answer:

Verified
Correct Answer:
Verified
Q8: Sarah has the utility function U(X,Y)= X<sup>.5</sup>Y<sup>.25</sup>.When
Q9: If prices of both horizontal and vertical
Q12: Lisa views pizzas and burritos as goods.If
Q14: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6808/.jpg" alt=" -Max has allocated
Q15: If prices of both horizontal and vertical
Q17: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3096/.jpg" alt=" -Max has allocated
Q18: Lisa consumes only pizzas (P)and burritos (B).Her
Q43: The consumer is in equilibrium when<br>A) MRT
Q64: Suppose Joe's utility for lobster (L)and soda
Q71: Lisa eats both pizzas and burritos.If the