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Explain how each of the following cases violates an assumption about consumer preferences: a. Tristan's preferences for goods X and Y can be described by
Explain how each of the following cases violates an assumption about consumer preferences:
a. Tristan's preferences for goods X and Y can be described by upward sloping indifference curves.
b. Paige has never tasted kiwi before and doesn't know how she feels about it compared to grapefruit.
c. Joe is indifferent between watching TV and listening to music, and between watching TV and playing the Nintendo Switch. Everyone knows, though, that Joe likes to play the Nintendo Switch more than he likes to listen to music
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