An individual whose preferences are given by the indifference curve in Figure 4.1 has preferences that violate which of the following assumptions found in the rational model:
A) Completeness only.
B) Completeness and transitivity.
C) Transitivity only.
D) Monotonicity.

Question

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The Answer of An individual whose preferences are given by the indifference curve in Figure 4.1 has preferences that violate which of the following assumptions found in the rational model:
A) Completeness only.
B) Completeness and transitivity.
C) Transitivity only.
D) Monotonicity.

An Individual Whose Preferences Are Given by the Indifference Curve