Home » Online Course » The assumption of completeness of preferences states that _____. The assumption of completeness of preferences states that _____. 1. Question 1 The assumption of completeness of preferences states that _____. 1 point more of a good is always better consumers are rational when making choices consumers have consistent preferences a consumer can rank all possible consumption bundles Other Questions Of This Category Advanced Interviewing Techniques Quiz AnswerThe assumption of transitivity of preferences states that _____.Data Visualization and Communication with TableauHigh Stakes Leadership LeadingMoralities of Everyday Life QuizDistributed Programming in Java QuizCorporate Financial Decision Making for Value CreationWhich of the following businesses most effectively bundles its products or services to provide value for the customer?The Science of Success What Researchers Know that You Should Know QuizConcurrent Programming in Java QuizBehavioral Finance QuizConsider how the following businesses have bundled their products or services. Which of these bundles best pairs items in the bundle?Securing Investment Returns in the Long Run QuizInternet History Technology Security QuizFigure 5-1 shows the preferences of a consumer for food and other goods. He is initially in equilibrium at point A where the budget line MN is tangent to the indifference curve. The effect of…