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

Author Question: The assumption of transitive preferences implies that indifference curves must: A) not cross one ... (Read 257 times)

kaid0807

  • Hero Member
  • *****
  • Posts: 515
on: Jul 1, 2018
The assumption of transitive preferences implies that indifference curves must:
 
  A) not cross one another.
  B) have a positive slope.
  C) be L-shaped.
  D) be convex to the origin.
  E) all of the above

Question 2

Please use the following statements to answer this question:
 
  I. The process of testing and revising theories is central to the development of economics as a science.
  II. Theory is imperfect and may not adequately describe economic behavior in some cases.
  A) I and II are true.
  B) I is true and II is false.
  C) I is false and II is true.
  D) I and II are false.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

xMRAZ

  • Sr. Member
  • ****
  • Posts: 363
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


kaid0807

  • Member
  • Posts: 515
Reply 2 on: Jul 1, 2018
Gracias!

rleezy04

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

This diagram shows a cross-section of a solar-type star. This diagram shows a cross-section of a solar-type star.
The arrangement of cross bridges between filaments interact The arrangement of cross bridges between filaments interact
Cross section of Nasal Cavity Cross section of Nasal Cavity
Cross-section view of the human eye. Cross-section view of the human eye.
A radiator may be either a down-flow or a cross-flow type. A radiator may be either a down-flow or a cross-flow type.
The photo is a cross-section of thickened human skin The photo is a cross-section of thickened human skin
Video: Summary of female reproductive cycle days 1-28

For a complete list of videos, visit our video library