Revealed Preferences Tells Us That If Basket $A$ Costs Less Than Basket

question 76

Multiple Choice

Revealed preferences tells us that if basket $A$ costs less than basket $B$ but the consumer chooses $B$ instead of $A$ , then we know that:

• A) \(A\) is strictly preferred to \(B\).
• B) \(A\) is at least as preferred to \(B\).
• C) \(B\) is strictly preferred to \(A\).
• D) \(B\) is as least as preferred to \(A\).

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Definitions:

Personality Disorders

Mental health conditions characterized by enduring patterns of behavior, cognition, and inner experience that deviate from the expectations of the culture.

Personality Disorder

A type of mental disorder characterized by enduring maladaptive patterns of behavior, cognition, and inner experience.

Maladaptive Behavior

Actions or tendencies that are counterproductive to one's own well-being or ability to meet needs.

Psychological Disorder

A pattern of behavioral or psychological symptoms that impact multiple life areas and/or bring significant distress.