A, B and C are three bundles. Which of the following describes completeness? OA. A is...

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A, B and C are three bundles. Which of the following describes completeness? OA. A is preferred to B or B is preferred to A or A and B are equally good. B. If A=(10,9) and B=(6,4) then A is preferred to B. C. Mixed bundles are preferred to extreme bundles. D. If A is preferred to B and B is preferred to C, then A is preferred to C. A, B and C are three bundles. Which of the following describes completeness? OA. A is preferred to B or B is preferred to A or A and B are equally good. B. If A=(10,9) and B=(6,4) then A is preferred to B. C. Mixed bundles are preferred to extreme bundles. D. If A is preferred to B and B is preferred to C, then A is preferred to C.

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The correct option is A The first axiom of decis... View the full answer