If a consumer prefers Apples to Bananas and prefers Bananas to Citrus Fruit,in order to satisfy assumptions about preferences she has to prefer
A) Bananas to Apples.
B) Citrus Fruit to Bananas.
C) Apples to Citrus Fruit.
D) Citrus Fruit to Apples.
Correct Answer:
Verified
Q2: Indifference curves for perfect substitutes must be
Q3: A consumer's willingness to trade one good
Q4: The principle that "More is better" results
Q5: Indifference curves that are upward-sloping violate
A) the
Q6: The statement "There is no accounting for
Q7: An indifference curve represents bundles of goods
Q8: Measuring "y" on the vertical axis and
Q9: Diminishing marginal rate of substitution can be
Q10: Indifference curves cannot intersect.
Q11: Indifference curves on the same indifference map
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