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

Author Question: The theory of consumer behavior is based on certain assumptions. The set of four basic assumptions ... (Read 342 times)

jc611

  • Hero Member
  • *****
  • Posts: 552
The theory of consumer behavior is based on certain assumptions. The set of four basic assumptions includes:
 
  A) completeness.
  B) transitivity.
  C) intransitivity.
  D) Both A and B are correct.
  E) Both A and C are correct.

Question 2

Which of the following is NOT an assumption regarding people's preferences in the theory of consumer behavior?
 
  A) Preferences are complete.
  B) Preferences are transitive.
  C) Consumers prefer more of a good to less.
  D) All of the above are basic assumptions about consumer preferences.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

gstein359

  • Sr. Member
  • ****
  • Posts: 293
Answer to Question 1

D

Answer to Question 2

D




jc611

  • Member
  • Posts: 552
Reply 2 on: Jul 1, 2018
Gracias!


bimper21

  • Member
  • Posts: 309
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

For a complete list of videos, visit our video library