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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #724974
Introduction to Economics 1 Deneme Sınavı Sorusu #724974
If the consumer is able to compare and rank all possible baskets, which consumer assumption is processed?
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Marginal rate of substitution increases. |
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Consumers reveal a diminishing marginal rate of substitution. |
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Consumers always prefer more of a commodity to less |
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Preferences are transitive |
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Preferences are complete. |
Yanıt Açıklaması:
Preferences are complete: this means that the consumer is able to compare and rank all possible baskets. Suppose the consumer confronts with any two market baskets, each containing various quantities of commodities or goods.
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