There is an indifference curve through every bundle because of the assumption of
A) transitivity.
B) completeness.
C) rationality.
D) nonsatiation.
B
Economics
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Which of the following pairs of goods are substitutes?
A) Baseball bats and baseballs B) Hot dogs and mustard C) Computer hardware and software D) Gasoline and motor oil E) Owner-occupied housing and rental housing
Economics
Each of the following factors might interfere with the efficiency of perfect competition except:
a. increasing returns to scale. b. imperfect price information. c. externalities. d. diminishing returns to scale.
Economics