The assumption of completeness means that
A)the consumer can rank all possible consumption bundles.
B)more of a good is always better.
C)the consumer can rank all affordable consumption bundles.
D)all preferences conditions are met.

Question

Quizplus · Accepted Answer

The assumption of completeness in consumer theory implies that consumers are able to rank all possible consumption bundles. This means that given any two bundles of goods, the consumer can always determine which one they prefer or if they are indifferent between the two bundles.

The Assumption of Completeness Means That