When faced with all available alternatives,the consumer will select the one that is ranked the highest.This principle is called:
A) the choice principle.
B) the ranking principle.
C) the consumption principle.
D) the more-is-better principle.
Correct Answer:
Verified
Q2: If the more-is-better principle holds,then indifference curves
Q3: If the more-is-better principle holds,two different consumption
Q4: A curve that shows all of the
Q5: If two consumption bundles lie on the
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Q11: The idea that all potentially available alternatives
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