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Author Question: If two indifference curves were to intersect at a point, this would violate the assumption of A) ... (Read 126 times)

Redwolflake15

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on: Jul 1, 2018
If two indifference curves were to intersect at a point, this would violate the assumption of
 
  A) transitivity.
  B) completeness.
  C) Both A and B above.
  D) None of the above.

Question 2

The principle that More is better results in indifference curves
 
  A) sloping down.
  B) not intersecting.
  C) reflecting greater preferences the further they are from the origin.
  D) All of the above.
Microeconomics ¦ Perloff ¦ 8th Edition
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meow1234

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

A

Answer to Question 2

D


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