Question

The assumption that preferences are complete: Group of answer choices means that a consumer will spend her entire income. 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. is unnecessary, as long as transitivity is assumed. recognizes that there may be pairs of market baskets that cannot be compared.

Answer 1

means that a consumer will spend her entire income. 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

Step-by-step explanation:

In the case when the presumption is to be considered as completed means that the consumer would able to spend her overall income. That means the consumer could compared any kind of two markets for the goods and measures which one is to be preferred over the other or it is indifference between them

So as per the given situation, the first option is correct