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Author Question: Refer to Figure 3.2. Which assumption concerning preferences do Alvin's indifference curves violate? ... (Read 37 times)

jayhills49

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on: Jul 1, 2018
Refer to Figure 3.2. Which assumption concerning preferences do Alvin's indifference curves violate?
 
  A) Diminishing marginal rates of substitution
  B) Transitivity of preferences
  C) More is preferred to less
  D) Completeness
  E) both A and C

Question 2

Which of the following features are relevant for determining the extent of a market?
 
  A) Its geographical boundaries.
  B) Technological innovations that would reduce the cost of production.
  C) The range of products to be included in it.
  D) both A and B
  E) both A and C


Kdiggy

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

E

Answer to Question 2

E


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