Sally likes Jim twice as much as she likes Bob. This is an example of:
A) ordinal preferences.
B) cardinal preferences.
C) transitivity.
D) diminishing marginal utility.
Correct Answer:
Verified
Q1: The assumption that preferences are complete requires
Q2: If I prefer steak to burritos, burritos
Q4: Which of the following statements is false?
A)Marginal
Q5: Marginal utility is:
A)the slope of the total
Q6: If a consumer would rather eat three
Q7: Jacob's estimated utility from pizza is given
Q8: One adhesive having twice the adhesive power
Q9: Wendy is very indecisive. She can't decide
Q10: John tends to order pizza once or
Q11: Assume that two baskets and lie on
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