Which of the following is a psychological assumption?
A) self interest
B) common property
C) perfect competition
D) resource endowment
Correct Answer:
Verified
Q28: The utility function assigns a utility number
Q29: Indifference curves provide a way to graphically
Q30: If an indifference curve has a kink,
Q31: If the utility number associated with consumption
Q32: Traffic in the city moves along as
Q34: Indifference curves are not:
A)downward sloping.
B)continuous.
C)insatiable.
D)intersecting.
Q35: If the utility number associated with consumption
Q36: Utility functions assign a:
A)preference ordering to each
Q37: The value of a good is determined
Q38: Sheila has preferences represented by the utility
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