Muoki says, “I’d rather see an action movie than a comedy, and I’d rather see a comedy than a foreign film. But given the choice, I think I’d rather see a foreign film than an action movie. Which of these statements about individual preferences is violated? A. Muoki’s preference ordering is complete B. Muoki’s indifference curves are convex to the origin C. Muoki’s indifference curves are negatively sloped D. Muoki’s preferences are transitive
Muoki says, “I’d rather see an action movie than a comedy, and I’d rather see a comedy than a foreign film. But given the choice, I think I’d rather see a foreign film than an action movie. Which of these statements about individual preferences is violated? A. Muoki’s preference ordering is complete B. Muoki’s indifference curves are convex to the origin C. Muoki’s indifference curves are negatively sloped D. Muoki’s preferences are transitive
Chapter3: Preferences And Utility
Section: Chapter Questions
Problem 3.4P
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Muoki says, “I’d rather see an action movie than a comedy, and I’d rather see a comedy
than a foreign film. But given the choice, I think I’d rather see a foreign film than an action
movie. Which of these statements about individual preferences is violated?
A. Muoki’s preference ordering is complete
B. Muoki’s indifference
C. Muoki’s indifference curves are negatively sloped
D. Muoki’s preferences are transitive
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