Which of the following is required for the existence of a utility function?
A) transitivity
B) relativity
C) universality
D) satiation
Correct Answer:
Verified
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Q58: The completeness assumption implies that:
A)indifference curves are
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Q60: Suppose Jane enjoys coffee (x)but is allergic
Q61: The nonsatiation assumption implies that:
A)indifference curves do
Q63: The nonsatiation assumption:
A)is saying that individuals always
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A)because they
Q65: Which of the following statements about indifference
Q66: When Doug is asked whether he would
Q67: The transitivity assumption implies that:
A)indifference curves measure
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