Sonia says she prefers two theater tickets and one bottle of French wine to three games of bowling and one pitcher of draft beer. In this example, Sonia is demonstrating the _____ assumption of consumer behavior.
A) more is better than less
B) completeness and rankability
C) transitivity
D) diminishing marginal utility

Question

Quizplus · Accepted Answer

Sonia is demonstrating the completeness and rankability assumption by being able to compare and rank her preferences between two sets of goods (theater tickets and wine vs. bowling and beer).

Sonia Says She Prefers Two Theater Tickets and One Bottle