2. More of the goods are preferred to less of the goods (i.e., commodities are “goods” and not “bads”). Preferences are transitive. If bundle A is preferred to bundle B, and bundle B is preferred to bundle C, then bundle A is preferred to bundle C.
2. More of the goods are preferred to less of the goods (i.e., commodities are “goods”and not “bads”). Preferences are transitive. If bundle A is preferred to bundle B,and bundle B is preferred to bundle C, then bundle A is preferred to bundle C.