Racquel tells you that she prefers hamburgers to hotdogs, hotdogs to nuggets, and nuggets to hamburgers. This violates what assumption made when analyzing consumer preferences? a. Indifference curves cannot cross b. That consumers are able to choose among all the combinations of goods and services available. c. consumers seek to maximize utility  d. indifference curves are convex

Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter5: Consumer Choice: Individual And Market Demand
Section5.A: Appendix Analyzing Consumer Choice Graphically: Indifference Curve Analysis
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Racquel tells you that she prefers hamburgers to hotdogs, hotdogs to nuggets, and nuggets to hamburgers. This violates what assumption made when analyzing consumer preferences?

a.

Indifference curves cannot cross

b.

That consumers are able to choose among all the combinations of goods and services

available.

c.

consumers seek to maximize utility 

d.

indifference curves are convex

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