Let's suppose that an individual prefers bundle of goods A over another bundle of goods B. Let's suppose that the individual prefers the bundle of goods C to the bundle of goods B. Then we can say the individual prefers C to A because more is better than less the individual prefers A to C because more is better than less two answers are correct no answer is correct the individual prefers A to C; because of transitivity the individual prefers C to A because of transitivity
Let's suppose that an individual prefers bundle of goods A over another bundle of goods B. Let's suppose that the individual prefers the bundle of goods C to the bundle of goods B. Then we can say the individual prefers C to A because more is better than less the individual prefers A to C because more is better than less two answers are correct no answer is correct the individual prefers A to C; because of transitivity the individual prefers C to A because of transitivity
Chapter4: Utility Maximization And Choice
Section: Chapter Questions
Problem 4.11P
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