Question

When asked if he wants another beer, Kevin says "no thanks". Is this a violation of the non-satiation assumption?

Answer #1

**Answer-**Yes, this is
violation of non-satiation assumption. Non-satiation is one of the
assumption of indifference curve analysis that states that a
consumer is always more satisfied by the additional unit of a good.
He/she is never satisfied fully or never reaches the peak/bliss/
highest point of the indifference curve. It assumes more is better
and greater quantity of a good provides greater satisfaction to
individuals. In this example, as Kevin refuses to take another
drink, it seems he is satisfied or *satiated*, which is
violation of the non-satiation assumption.

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SHOW ALL WORK FOR THE QUESTIONS ASKED! WHEN IT SAYS
CREATE A CHART, DO CREATE A CHART! AND WHEN IT SAYS TO EXPLAIN AN
ANSWER, EXPLAIN THAT ANSWER! ANSWER ALL THE QUESTIONS ASKED IN
GREAT DETAIL!
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