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    Microeconomics Study Set 49
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    Exam 3: Consumer Preferences and the Concept of Utility
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    The Assumption That More Is Preferred to Less
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The Assumption That More Is Preferred to Less

Question 61

Question 61

Multiple Choice

The assumption that more is preferred to less:


A) is called transitivity.
B) implies that if basket lies to the northeast of basket , then basket is preferred to basket .
C) is called completeness.
D) implies that indifference curves are "thick".

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