Solved

Harry Tells You That He Prefers Irn- BruTM to TangoTM

Question 2

Multiple Choice

Harry tells you that he prefers Irn- bruTM to TangoTM, TangoTM to StrongbowTM and StrongbowTM
To Irn- bruTM. This violates what assumption made when analysing consumer preferences?


A) That consumers are able to choose among all the combinations of goods and services available
B) That there is a diminishing marginal rate of substitution
C) That consumers are rational
D) That more is better

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents