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Which of the following is a correct description of the assumptions about consumer preferences? Assumption 1: A consumer will choose a bundle with the most
Which of the following is a correct description of the assumptions about consumer preferences? Assumption 1: A consumer will choose a bundle with the most total units of goods. Assumption 2: A consumer is able to rank all possible bundles. a. Both assumption descriptions are correct. b. Neither assumption description is correct. c. Assumption 1 is correct, but Assumption 2 is not correct. d. Assumption 2 is correct, but Assumption 1 is not correct. textbook
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