T or F? A consumer who is unable to detect small differences in the amount of water in her beer could have a transitive strict preference relation but is unlikely to have a transitive indifference relation. Answer : T please explain why it is true

T or F? A consumer who is unable to detect small differences in the amount of water in her beer could have a transitive strict preference relation but is unlikely to have a transitive indifference relation. Answer : T please explain why it is true

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

T or F?
A consumer who is unable to detect small
differences in the amount of water in her beer
could have a transitive strict preference
relation but is unlikely to have a transitive
indifference relation.
Answer : T
please explain why it is true

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