Question

question 4
0.5 pts
the assumption that preferences are complete:
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.
recognizes that there may be pairs of market baskets that cannot be compared.
is unnecessary, as long as transitivity is assumed.
means that a consumer will spend her entire income.

Explanation:

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.