Question

The consumer’s preferences are assumed to be ______.

Answer 1

Answer:

The three fundamental assumptions about preferences are: Completeness: We say preferences are completewhen a consumer can always say one of the following about two bundles: A is preferred to B, B is preferred to A or A is equally good as B.

Answer 2

Answer:

consumer preference are define as the subjective tastes as measure by utitly of various bundle of goods

Explanation:

hii