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Other Fields Homework Help Economics Topic started by: Satsume on Oct 24, 2017



Title: Denise is shopping for lobsters and eclairs. When she faces budget line b1, she chooses market ...
Post by: Satsume on Oct 24, 2017
Denise is shopping for lobsters and eclairs.  When she faces budget line b1, she chooses market basket A over market basket B.  When she faces budget line b2, she chooses basket B over basket C.  Which assumption of consumer theory helps us determine Denise's preference ordering over basket A and basket C?
A) Completeness
B) More is better than less
C) Transitivity
D) Convexity


Title: Re: Denise is shopping for lobsters and eclairs. When she faces budget line b1, she chooses market ...
Post by: Canih on Oct 24, 2017
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