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Author Question: If indifference curves are concave to the origin, which assumption on preferences is violated? A) ... (Read 142 times)

Alainaaa8

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on: Jul 1, 2018
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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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

D


Alainaaa8

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Reply 2 on: Jul 1, 2018
Excellent

bigsis44

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

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