If a consumer would rather eat three bars of chocolate than four bars of chocolate, this consumer's preferences violate which of the following key assumptions?
A)Completeness
B)Transitivity
C)More is better
D)Both completeness and transitivity

Question

Quizplus · Accepted Answer

The "more is better" assumption is violated because the consumer prefers less of a good (three bars of chocolate) over more of it (four bars of chocolate), which goes against the typical economic assumption that consumers will prefer more of a good to less, all else being equal.

If a Consumer Would Rather Eat Three Bars of Chocolate