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According to consumer choice theory, which of the statements below must be true? A rational consumer'schoices will yield indifference curves that cross each other on
According to consumer choice theory, which of the statements below must be true?
- A rational consumer'schoices will yield indifference curves that cross each other on a preference map.
- When given the opportunity, a rational consumer will always prefer the bundle ofgoods that will give him the greatest utility maximization.
- A rational consumer will alwaysprefer a bundle that offers fewer of one of the goods, keeping the amount of the other good constant.
- It is possible that a rational consumer cannot come to a decision after considering all possible combinations.
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