question 4\n0.5 pts\nthe assumption that preferences are complete:\nmeans that the consumer can compare any…

question 4\n0.5 pts\nthe assumption that preferences are complete:\nmeans 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.\nrecognizes that there may be pairs of market baskets that cannot be compared.\nis unnecessary, as long as transitivity is assumed.\nmeans that a consumer will spend her entire income.

question 4\n0.5 pts\nthe assumption that preferences are complete:\nmeans 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.\nrecognizes that there may be pairs of market baskets that cannot be compared.\nis unnecessary, as long as transitivity is assumed.\nmeans that a consumer will spend her entire income.

Answer

Brief Explanations:

In consumer - choice theory in economics, the completeness assumption of preferences means a consumer can rank any two market baskets of goods. They can say one is preferred over the other or that they are indifferent between them.

Answer:

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.