This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The assumption of transitive preferences implies that indifference curves must: A) not cross one ... (Read 219 times)

kaid0807

  • Hero Member
  • *****
  • Posts: 515
on: Jul 1, 2018
The assumption of transitive preferences implies that indifference curves must:
 
  A) not cross one another.
  B) have a positive slope.
  C) be L-shaped.
  D) be convex to the origin.
  E) all of the above

Question 2

Please use the following statements to answer this question:
 
  I. The process of testing and revising theories is central to the development of economics as a science.
  II. Theory is imperfect and may not adequately describe economic behavior in some cases.
  A) I and II are true.
  B) I is true and II is false.
  C) I is false and II is true.
  D) I and II are false.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

xMRAZ

  • Sr. Member
  • ****
  • Posts: 363
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


kaid0807

  • Member
  • Posts: 515
Reply 2 on: Jul 1, 2018
Excellent

mcarey591

  • Member
  • Posts: 365
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Supernova Light Curves Supernova Light Curves
Plasma protein binding and drug availability: (a) drug exists in a free state or bound to plasma pro Plasma protein binding and drug availability: (a) drug exists in a free state or bound to plasma pro
Rub the ears between your thumbs and index fingers. Follow the curves to rub the entire ear, ... Rub the ears between your thumbs and index fingers. Follow the curves to rub the entire ear, ...
The Do's and Don'ts of Cross-Contamination The Do's and Don'ts of Cross-Contamination
Cross-Cutting Relationships Cross-Cutting Relationships
How many electrons flow past a given cross section of the wire in 10.3 min? electrons How many electrons flow past a given cross section of the wire in 10.3 min? electrons
Video: Osteoporosis

For a complete list of videos, visit our video library