Denise is shopping for lobsters and eclairs. When she faces ...

[P68T]

Denise is shopping for lobsters and eclairs. When she faces budget line b1, she chooses market basket A over market basket B. When she faces budget line b2, she chooses basket B over basket C.
 
  Which assumption of consumer theory helps us determine Denise's preference ordering over basket A and basket C? A) Completeness
  B) More is better than less
  C) Transitivity
  D) Convexity

Question 2

Refer to Figure 9.2. At price 0E and quantity Q, consumer surplus is the area
 
  A) 0FCQ.
  B) AFC.
  C) EFC.
  D) AEC.
  E) none of the above

[leeeep]

Answer to Question 1

C

Answer to Question 2

C

[P68T]

Thanks for the timely response, appreciate it

[connor417]

Excellent