According to the more-is-better principle,
A) A consumer will always select the bundle that is ranked highest among all alternative bundles
B) A consumer will prefer a bundle that has the largest amount of the good they prefer most
C) Consumers always try to achieve the highest possible level of well-being
D) When comparing two consumption bundles, a consumer prefers the bundle that has more of every good

Question

Quizplus · Accepted Answer

The more-is-better principle states that when comparing two consumption bundles, a consumer prefers the bundle that has more of every good. This means that if one bundle has more of all goods than another bundle, the consumer will prefer the bundle with more goods. It does not necessarily mean that the consumer will always select the highest-ranked bundle, prefer the largest amount of their favorite good, or try to achieve the highest possible level of well-being.

According to the More-Is-Better Principle