True/False
If preferences are convex, then for any commodity bundle x, the set of commodity bundles that are worse than x is a convex set.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q39: Colette consumes goods x and y.Her indifference
Q40: If Melody has more classical records than
Q41: Ambrose has an indifference curve with equation
Q42: Professor Stern's colleague, Dr.Schmertz, gives one midterm
Q43: Coach Steroid likes his players to be
Q44: Josephine buys 3 quarts of milk and
Q45: Steven's indifference curves are circles, all of
Q46: A person with reflexive preferences is someone
Q47: In Professor Meanscore's class, the first midterm
Q49: If two goods are perfect complements,<br>A)there is