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Jane is trying to decide which courses to take next semester. She has narrowed down her choice to two courses, Econ 1 and Econ 2. Now she is having trouble and cannot decide which of the two courses to
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Jane is trying to decide which courses to take next semester. She has narrowed down her choice to two courses, Econ 1 and Econ 2. Now she is having trouble and cannot decide which of the two courses to take. It's not that she is indifferent between the two courses, she just cannot decide. An economist would say that this is an example of preferences that: Group of answer choices all the other three answers are correct violate the assumption that more is preferred to less. are not transitive. are incomplete.

User Yarim
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Answer:

The correct answer is the last option: Are incomplete.

Step-by-step explanation:

To begin with, in the microeconomics theory the concept of preferences are refered to the situation in where the person has to decide between alternatives in order to obtain one of them that will, in theory, maximine his satisfaction. Moreover, with the purpose of being completely rational these preferences have to fullfil another mathematics characteristics such as being transitive and complete. So in the case presented when Jane is trying to decide which courses to take and she just can not decide, then that would be because the preferences are incomplete.

User Balualways
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