need help with this question This Question: 1 pt 10 of 10 (6 complete) The assum

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need help with this question

This Question: 1 pt 10 of 10 (6 complete) The assumption that preferences are complete: O A. s unnecessary, as long as transitivity is assumed O B. means that a consumer will spend her entire income O c. means that the consumer can compare any two market baskets of goods and determine that ether one is preferred to the other or that she is indifferent between them O D. recognizes that there may be pairs of market baskets that cannot be compared Click to select your answer

Explanation / Answer

Ans:

Option C

means that the consumer can compare any two market baskets of goods and determine that either one is preferred to the other or that she is indifferent between them.

Preference means ordering of alternatives based on their relative utility.It is assumed that consumers compare the alternatives to make optimal choice.

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