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

Author Question: If indifference curves are concave to the origin, which assumption on preferences is violated? A) ... (Read 163 times)

Alainaaa8

  • Hero Member
  • *****
  • Posts: 576
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

yuyiding

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

D


Alainaaa8

  • Member
  • Posts: 576
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

dantucker

  • Member
  • Posts: 346
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Comparison of the titration curves of three weak acids Comparison of the titration curves of three weak acids
CONCAVE SLIDE CONCAVE SLIDE
The Origin of Meteor Showers The Origin of Meteor Showers
Countries of Origin of Asian Americans Countries of Origin of Asian Americans
Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ... Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ...
Two Kinds of Forgetting Curves Two Kinds of Forgetting Curves
Video: Simple and Double Sugar

For a complete list of videos, visit our video library