What are the four basic assumptions about individual preferences? Explain the significance or meaning of each.

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Microeconomics

ISBN: 978-0132857123

8th edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Dec 22, 2015 02:14 AM

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What are the four basic assumptions about individual preferences? Explain the significance or meaning of each.

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1 Preferences are complete this means that the consumer is able to compare and rank all possible bas...View the full answer

Microeconomics

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