ECON 1002 Microeconomics Unit 2 Challenges ECON1002 Microeconomics Unit 2 Challenges

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ECON 1002 Microeconomics Unit 2 Challenges Click below link for Answer https://www.sobtell.com/q/tutorial/default/206914-econ-1002-microeconomics-unit-2-challenges https://www.sobtell.com/q/tutorial/default/206914-econ-1002-microeconomics-unit-2-challenges

Unit 2 Challenge 1 Which of the following is the best example of transitivity?  a.) Ben preferred Uncle Moe's Family Feedbag and Catering over University Catering. He liked Hob Knob Fine Dining best of all. So he must prefer Hob Knob over University Catering. b.) Ben preferred Uncle Moe's Family Feedbag and Catering over University Catering because Uncle Moe's offered more of the same options at the same price. 

c.) Ben contemplated every possible option given by the catering companies and still could not decide which option he liked best. 

d.) Ben contemplated every possible option given by the catering companies and decided that Hob Knob Fine Dining was the best choice. 

Tina must make a decision about the number of bottles of sports drink and how many cases of water she wants to purchase for her soccer practices. Tina decided to buy four cases of water and 16 bottles of sports drink. As she waited in line to check out, Tina noticed there was a special display offering five cases of water for the price of four. Tina opted to pick up an additional case of water, even though she might not use it until next week. Tina exhibited the economic principle of __________, because she decided that five cases of water and 16 bottles of sports drink was better than four cases of water and 16 bottles of sports drink.  a.) completeness b.) non-satiation 


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