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Author Question: The theory of consumer behavior is based on certain assumptions. The set of four basic assumptions ... (Read 130 times)

jc611

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on: Jul 1, 2018
The theory of consumer behavior is based on certain assumptions. The set of four basic assumptions includes:
 
  A) completeness.
  B) transitivity.
  C) intransitivity.
  D) Both A and B are correct.
  E) Both A and C are correct.

Question 2

Which of the following is NOT an assumption regarding people's preferences in the theory of consumer behavior?
 
  A) Preferences are complete.
  B) Preferences are transitive.
  C) Consumers prefer more of a good to less.
  D) All of the above are basic assumptions about consumer preferences.


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gstein359

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

D

Answer to Question 2

D


jc611

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

upturnedfurball

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Reply 3 on: Yesterday
Excellent

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