Question

Select the statement below that is true. A. Non-satiation means that more is always better. B. Indifference means that only a particular combination of goods are preferable to the consumer. C. The consumer's preference is indicated by the Y axis. D. Completeness means that none of the items in a set should be missing.

Answer 1

Answer:

A

Explanation:

When there is non satiation, a consumer is yet to be fully satisfied, thus the consumer would benefit from additional consumption up to the point that utility is reached.

completeness means that if a consumer prefers bundle b to c or choice c to b. the consumer is indifferent between both choices

Indifference means that a consumer does not mind various combination of two goods that are on the same indiffernce curve