Alvin's Preferences for Good X and Good Y Are Shown

question 26

Multiple Choice

Alvin's preferences for good X and good Y are shown in the diagram below.
Figure 3.1.6
-Refer to Figure 3.1.6. Which assumption concerning preferences do Alvin's indifference curves violate?

• A) Diminishing marginal rates of substitution
• B) Transitivity of preferences
• C) More is preferred to less
• D) Completeness
• E) both A and C

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