This topic contains a solution. Click here to go to the answer

Author Question: The assumption of transitive preferences implies that indifference curves must: A) not cross one ... (Read 244 times)

kaid0807

  • Hero Member
  • *****
  • Posts: 515
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
Answer to Question 1

A

Answer to Question 2

A




kaid0807

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


Zebsrer

  • Member
  • Posts: 284
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Medication errors are three times higher among children and infants than with adults.

For a complete list of videos, visit our video library