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Author Question: If indifference curves are concave to the origin, which assumption on preferences is violated? A) ... (Read 165 times)

Alainaaa8

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on: Jul 1, 2018
If indifference curves are concave to the origin, which assumption on preferences is violated?
 
  A) Diminishing marginal rates of substitution
  B) Transitivity of preferences
  C) More is preferred to less
  D) Completeness

Question 2

Which of the following could not possibly be included in the same market as Coke?
 
  A) Pepsi
  B) Gatorade
  C) Milk
  D) Bread


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yuyiding

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

A

Answer to Question 2

D


Alainaaa8

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  • Posts: 576
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

carlsona147

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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