--%>

Reliablity with standard economic suppositions

Which of the given behaviors is least reliable with standard economic suppositions regarding consumer behavior? (i) Gustav cannot decide which of three distinct combinations of goods he favors. (ii) Lynn hates pickled herring; however Chris is willing to eat it at each and every meal. (iii) Skipper favors steak to Alpo, and Alpo to tuna fish. (iv) Beyond certain point, Brenda is eager to forgo more ice cream that she insatiably loves, to evade eating more asparagus that she actually liked if the serving of asparagus her parents put on her plate was smaller. (v) Jimmy is too afraid of flying that he willingly takes up a vacation to Disney World to shun getting on a plane.

Can someone help me in getting through this problem.

   Related Questions in Microeconomics

  • Q : Help The problem of asymmetric

    The problem of asymmetric information is that

  • Q : Buying something when expect a price to

    Buying since you expect a price to increase, at that point you will sell, which is termed as: (w) arbitration. (x) speculation. (y) profiteering. (z) arbitrage. Hey friends please give your opinion for the problem

  • Q : Generating good for the society All

    All along the production possibilities frontier, a society can generate more of a good merely if: (1) This provides some of some other good. (2) Resources are completely employed. (3) All resources are efficiently employed. (4) Consumption surpasses i

  • Q : Collective Bargaining-managers and

    The strikes tend to be resolved after worker’s savings trickle down to a discomfort region and there is an exhaustion of: (i) Public tolerance, causing government to set the fair settlement. (ii) Managers and inventories, causing the firms to increase their offe

  • Q : Importance of strategic management

    Explain in brief about the importance of strategic management towards the success of a business?

  • Q : Employment distinguish between full

    distinguish between full employment and under employment

  • Q : Determine elasticity of demand for

    When the U.S. price elasticity of demand for gasoline is 1.0, the price elasticity of demand for gas sold through one of several gas stations along a busy highway: (w) less than 1.0. (x) 1.0. (y) greater than 1.0. (z) zero.

    Q : Voluntary Poverty and Involuntary

    Families or individuals experience involuntary poverty while they: (w) cannot rise above the poverty line since they fail to qualify for transfer payments. (x) are laid off from work throughout a widespread recession or depression. (y) lack adequate r

  • Q : Marginal revenue product-marginal

    When a monopolist maximizes the profit in a product market, it will: (w) Hire labor till the marginal revenue product equivalents marginal resource cost. (x) Hire labor till the value of marginal product equivalents marginal resource cost. (y) Pay a wage equivalent to

  • Q : Walfare function expected utility

    please help me in doing the attached documents