Give as many reasons as you can why we believe that economists assume that the m

Question

Give as many reasons as you can why we believe that economists assume that the more-is-better property holds and explain Economists assume the more-is-better property holds because A. B. C. D. E. consumers can freely dispose of excess goods and be no worse off with extra goods. consumers often cannot decide which bundle is preferable. consumers tend to exhibit behaviors that suggest this assumption is true. consumers tend to have well-defined and consistent preferences between any pair of alternatives. consumers would otherwise exhibit irrational behavior if this assumption were not true.

Explanation / Answer

Correct options:

(c) consumers tend to exhibit behaviors that suggest this assumption is true.

(d) consumers tend to have well-defined and consistent preferences between any pair of alternatives.

(e) consumers would otherwise exhibit irrational behavior if this assumption were not true.

These above mentioned arguments explain the consumer preference of more over less.

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