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Highlight the economic assumptions about consumer preferences

      

Highlight the economic assumptions about consumer preferences

  

Answers


Dana
Completeness: It is assumed that any two bundles can be compared. That is to say that the consumer can make a choice
Reflexive: we assume that any bundle is at least as good as itself
Transitive: if a consumer assumes that bundle X is at least as good as bundle Y and bundle Y is at least as good as bundle Z then bundle X is at least as good as bundle Z.

Dana05 answered the question on August 15, 2019 at 13:58


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