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Author Question: The assumption of transitive preferences implies that indifference curves must: A) not cross one ... (Read 245 times)

kaid0807

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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.


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xMRAZ

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

A

Answer to Question 2

A


kaid0807

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

emsimon14

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Reply 3 on: Yesterday
:D TYSM

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