Business, 25.02.2020 06:17, teresaswinger

Your college has three meal plans. One is for 21 meals a week, another for 14 and a third offers only 7. You don't know the price yet but you are certain the 21 would be best. However, your second choice would be to take only the 7 meal plan and if you had to pick a third choice it would be the 14 meal plan. This preference pattern doesn't fit the indifference curve assumption of

A. completeness.
B. transitivity.
C. convexity.
D. none of these because it does not violate any of the assumptions.

Answers: 2

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Your college has three meal plans. One is for 21 meals a week, another for 14 and a third offers onl...