The assumption that preferences are complete requires the consumer:
A)to rank any two baskets.
B)to say that basket C is preferred to basket A if basket B is preferred to basket A and basket C is preferred to basket B.
C)to rank a basket with more units of all goods higher than a basket with fewer units of all goods.
D)to have a diminishing marginal rate of substitution.

Question

Quizplus · Accepted Answer

The Answer is A

The Assumption That Preferences Are Complete Requires the Consumer