Let's suppose that an individual prefers bundle of goods A over another bundle of goods B. Let's suppose that the individual prefers the bundle of goods C to the bundle of goods B. Then we can say the individual prefers C to A because more is better than less the individual prefers A to C because more is better than less two answers are correct no answer is correct the individual prefers A to C; because of transitivity the individual prefers C to A because of transitivity
Let's suppose that an individual prefers bundle of goods A over another bundle of goods B. Let's suppose that the individual prefers the bundle of goods C to the bundle of goods B. Then we can say the individual prefers C to A because more is better than less the individual prefers A to C because more is better than less two answers are correct no answer is correct the individual prefers A to C; because of transitivity the individual prefers C to A because of transitivity
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Let's suppose that an individual prefers bundle of goods A over another bundle of
goods B. Let's suppose that the individual prefers the bundle of goods C to the
bundle of goods B. Then we can say
the individual prefers C to A because more is better than less
the individual prefers A to C because more is better than less
two answers are correct
no answer is correct
O the individual prefers A to C; because of transitivity
the individual prefers C to A because of transitivity](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fab523ceb-a989-4289-b061-a1829d410390%2F52439f33-2007-42cc-aba9-b1072c313e96%2Fe0ps5pa_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Let's suppose that an individual prefers bundle of goods A over another bundle of
goods B. Let's suppose that the individual prefers the bundle of goods C to the
bundle of goods B. Then we can say
the individual prefers C to A because more is better than less
the individual prefers A to C because more is better than less
two answers are correct
no answer is correct
O the individual prefers A to C; because of transitivity
the individual prefers C to A because of transitivity
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