Refer to Table 4.1.Mike's preferences are consistent with the More-Is-Better Principle because:
A) the two goods are perfect substitutes.
B) there are no empty cells.
C) in each column, the choices at the top are ranked lower than the choices at the bottom.
D) in each column, the choices at the top are ranked higher than the choices at the bottom.

Question

Refer to Table 4.1.Mike's preferences are consistent with the More-Is-Better Principle because: 
A) the two goods are perfect substitutes. 
B) there are no empty cells. 
C) in each column, the choices at the top are ranked lower than the choices at the bottom. 
D) in each column, the choices at the top are ranked higher than the choices at the bottom.

Quizplus · Accepted Answer

Mike's preferences are consistent with the More-Is-Better Principle because in each column, the choices at the top are ranked higher than the choices at the bottom. This means that he prefers more of both goods instead of less, which aligns with the principle.