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Author Question: If indifference curves are concave to the origin, which assumption on preferences is violated? A) ... (Read 97 times)

Alainaaa8

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If indifference curves are concave to the origin, which assumption on preferences is violated?
 
  A) Diminishing marginal rates of substitution
  B) Transitivity of preferences
  C) More is preferred to less
  D) Completeness

Question 2

Which of the following could not possibly be included in the same market as Coke?
 
  A) Pepsi
  B) Gatorade
  C) Milk
  D) Bread



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yuyiding

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Answer to Question 1

A

Answer to Question 2

D




Alainaaa8

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


marict

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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