The divisibility assumption is the assumption on consumption sets that states that
A) goods are infinitely divisible
B) it is possible to add consumption bundles
C) it is possible to combine two bundles to produce a third by consuming fractions of them

Question

Quizplus · Accepted Answer

The divisibility assumption in economics refers to the idea that goods can be divided into any smaller parts, allowing for fractional consumption or usage, which is essential for certain types of economic analysis and modeling.

The Divisibility Assumption Is the Assumption on Consumption Sets That