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:

Emotional Labor

Work that is explicitly intended to produce a desired state of mind in a client.

Mental Labor

Involves cognitive work, such as problem-solving, planning, and decision-making, which is often contrasted with physical labor.

Manual Labor

Physical work done by hand, often requiring strength or skill, in contrast to work performed by machines or mental effort.

Household Labor

The unpaid work done within the home, such as cleaning, cooking, and taking care of children, often divided among family members based on gender norms.