According to the Utility Theory, If Bundle a Is Preferred

question 64

Multiple Choice

According to the utility theory, if bundle A is preferred to B, and bundle B is preferred to C, then A is also preferred to C.Under no circumstances will the individual prefer C to A.Identify this assumption on preference.

• A)Completeness
• B)Rationality
• C)More-is-better
• D)Convexity
• E)Monotonicity

---

Definitions:

Controlled Collisions

Experiments or simulations where variables are carefully manipulated to observe the effects of collisions under specific conditions.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, showing how much the values differ from the mean of the set.

Home Runs

In baseball, a hit that allows the batter to make a complete circuit of the bases and score a run without any errors being committed by the defending team.

National League

One of the two major leagues in professional baseball in the United States, the other being the American League.