The Principle of Revealed Preference Would Say That If Xavier

question 17

Multiple Choice

The principle of revealed preference would say that if Xavier chooses market basket A over market basket B then:

• A) if A is more expensive than B, then Xavier must prefer A over B.
• B) if A is more expensive than B, then Xavier must prefer B over A.
• C) if A is less expensive than B, then Xavier must prefer A over B.
• D) if A is less expensive than B, then Xavier must prefer B over A.

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Definitions:

Organization Man Manager

Describes a manager who conforms to the corporate culture and policies very strictly, often prioritizing the company's needs over personal values or creativity.

Authority-compliance Manager

describes a leadership style focused predominantly on efficiency and task completion, often at the expense of team member relationships and morale.

Impoverished Manager

An impoverished manager adopts a low concern for both people and production, minimizing involvement in leadership duties and often resulting in a lack of innovation and motivation within teams.

Initiating Structure

Leader behavior aimed at defining and organizing work relationships and roles, as well as establishing clear patterns of organization, communication, and ways of getting things done.