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Lisa Views Pizzas and Burritos as Goods

Question 12

Essay

Lisa views pizzas and burritos as goods.If she prefers a bundle of four burritos and four pizzas to a bundle of four burritos and five pizzas,which property of consumer preference is violated? What change in the assumptions could lead a rational consumer to prefer the first bundle?

Correct Answer:

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The property of more-is-better...

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