Explain the axioms of completeness, transitivity and non-satiation using appropriate examples.

Posted Date: 3/17/2013 4:13:14 AM | Location : Fiji

Ask an Expert

Related Discussions:- Utility and Choice(Assumptions about preferences), Assignment Help, Ask Question on Utility and Choice(Assumptions about preferences), Get Answer, Expert's Help, Utility and Choice(Assumptions about preferences) Discussions

Write discussion on Utility and Choice(Assumptions about preferences)
Your posts are moderated

Write your message here..

Related Questions

What is meant by non price competition, What is meant by non Price Competit... What is meant by non Price Competition? In which market structure does it exist?  None price competition is an effort put by the supplier to earn extra profit without enhancing

Agriculture, project on visit to village for agriculturebased project project on visit to village for agriculturebased project

Energies of the diametric molecules of a gas, Energies of the diametric mol... Energies of the diametric molecules of a gas, chemistry assignments The analysis basis for treating these different types of motion can be seen by describing the motion of a di

What is exchange rate, Q. What is Exchange Rate? Exchange Rate: The ‘pr... Q. What is Exchange Rate? Exchange Rate: The ‘price' at which currency of one country can be converted into the currency of another country. A country's currency is ‘strong,'or

The marketing system, Which of the following industries do you think are li... Which of the following industries do you think are likely to exhibit large economies of scale? Explain why in each case. a. House building b. Electricity generation c. Market ga

Explain features of outward-oriented and inward-oriented, The main features... The main features of outward-oriented and inward-oriented development strategies. Inward- oriented as focus on reducing domestic reliance on imports by executing high barrier

Assuming the price elasticity, Assume the United States exports 1000 comput... Assume the United States exports 1000 computers at a price of $3000 each and imports 15 UK autos at a price of 10000 pounds each. Assume that the dollar/pound exchange rate is $2 p

Income and Substitution effect for normal goods, Mamun has a weakly income ... Mamun has a weakly income of 600 dollars. Price of chocolate is 5 dollar and price of potato is taka 10. Both are normal goods. Show the income and substitution effect for each of

The demand curve of monopoly, when does price and output determined in the ... when does price and output determined in the unregulated monopoly

Problems using point elasticity, Problems Using Point Elasticity - We m... Problems Using Point Elasticity - We may need to compute price elasticity over portion of demand curve instead of at a single point. - The price and quantity used as base wi