Question Completion Status Question 4 When preferences are c

Question Completion Status: Question 4 When preferences are complete, then consumers desire at least some of eveny good. O True C False Question 6 Suppose the individual\'s preferences or tastes over X1 and X2 can be represented by the following utility fun 30x35x2 1/2 b 10x1x2 112-20x1 10x1 1/2 20x14

Solution

If preference is complete then the goods can be ranked. It means that the consumer will prefer a goods above all and if it is not available then it will go to b. He will not prefer a over b in terms of utility.

Some of every good takes place when there is no preference , In that situation the person is indifferent between goods but here the relation is relative. So it is false