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Your college has three meal plans. One is for 21 meals a week, another for 14 and a third offers only 7. You don't know the price yet but you are certain the 21 would be best. However, your second choice would be to take only the 7 meal plan and if you had to pick a third choice it would be the 14 meal plan. This preference pattern doesn't fit the indifference curve assumption of

A. completeness.
B. transitivity.
C. convexity.
D. none of these because it does not violate any of the assumptions.

Respuesta :

This preference pattern doesn't fit the indifference curve assumption of "transitivity".

Option: B

Explanation:

This approach is also used to develop a relationship between the three elements if the first component is related to the second and the second component is related to the third element, then the first and third component which are considered transitivity must be connected.

Transitivity of expectations is a core principle expressed by most of the major logical, prescriptive, and concise decision-making frameworks of today. A individual, group, or society that favors choice x to y and y to z must favor x to z in order to have transitive preferences.

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