Question
Minimalists try to reduce their belongings to the absolute minimum, i.e. subsistence level. Which axiom(s) of consumer choice do you think could be violated by
Minimalists try to reduce their belongings to the absolute minimum, i.e. subsistence level. Which axiom(s) of consumer choice do you think could be violated by minimalists? Briefly explain your answer! Which arguments can be put forward to ensure that minimalists' preferences do not violate any axiom of consumer choice?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Introduction to Econometrics
Authors: James H. Stock, Mark W. Watson
3rd edition
133595420, 978-0138009007, 138009007, 978-0133486872, 133486877, 978-0133595420
