If X and Y Are Perfect Substitutes, Which of the Following

question 82

Multiple Choice

If X and Y are perfect substitutes, which of the following assumptions about indifference curves is not satisfied?

• A) Completeness
• B) Transitivity
• C) More is preferred to less
• D) Diminishing MRS
• E) none of the above (All of the above assumptions are satisfied.)

Distinguish between tests for matched pairs and tests for independent samples.

Understand the concept of nonparametric tests for ordinal or interval data not assuming normal distribution.

Interpret the results and critical values of nonparametric tests.

Understand the relationship between sample size and the appropriateness of nonparametric test approximations.

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