Question

Which is not the assumption of Indifference curve Analysis?
(a) The consumer is rational and possesses full information about all the aspects of economic environment
(b) The consumer is not capable of ranking all combinations
(c) If consumer prefers combination A to B and B to C, then he must prefer combination A to C
(d) If combination A has more commodities than combination B, then A must be preferred to B.

Answer 1

I thinkC is the correct answer