Which of the following assumptions about consumer behaviour implies that the utility maximizing choice will be on the budget constraint.
A)non- satiation
B)transitivity
C)continuity
D)completeness

Question

Quizplus · Accepted Answer

Non-satiation implies that consumers always prefer more of at least one good, leading them to spend all their income to maximize utility, which places their choice on the budget constraint.

Which of the Following Assumptions About Consumer Behaviour Implies That