Question 18 By the completeness property, if neither A > B nor B > A hold, then: the...
Question 18
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By the completeness property, if neither A > B nor B > A hold, then:
the consumer is indifferent between A and B.
the consumer prefers bundle A.
the consumer prefers bundle B.
None of the statements is correct.
Homework Answers
Ans.- (A)
According to the completeness property, any two bundles can be compared. So, if A>B and B>A don't hold then consumer must be indifferent between A and B.
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Question 18
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