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Satsume Satsume
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6 years ago
The assumption that preferences are complete:
A) means that a consumer will spend her entire income.
B) is unnecessary, as long as transitivity is assumed.
C) recognizes that there may be pairs of market baskets that cannot be compared.
D) means that the consumer can compare any two market baskets of goods and determine that either one is preferred to the other or that she is indifferent between them.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
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Bart_argBart_arg
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6 years ago
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Satsume Author
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6 years ago
Good timing, thanks!
gmiannotti
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Yesterday
this is exactly what I needed
hpascoe
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2 hours ago
You make an excellent tutor!
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