Economics > QUESTIONS & ANSWERS > Royal Melbourne Institute of Technology ECON 1048 Quiz 2-All Answers Correct (All)
Royal Melbourne Institute of Technology ECON 1048 Quiz 2-All Answers Correct
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Question 1 1.33 / 2 pts Annie is faced with three alternative consumption baskets: Basket A contains 2 pairs of shoes, 3 bottles of wine and 1 movie ticket. Basket B contains 9 pairs of sh... oes, 3 bottles of wine and 2 movie tickets. Basket C contains 2 pair of shoes, 3 bottle of wine and 3 movie tickets. If Annie's preferences satisfy the more-is-better assumption then, i. When comparing baskets A and B Annie prefers B over A . ii. When comparing baskets A and C Annie prefers C over A . iii. When comparing baskets B and C Annie prefers B over C . Answer 1: Correct! Annie prefers [Show More]
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