Q) An investor has ranked three investments and labeled them as A, B, and C.He prefers investment A.

Q) An investor has ranked three investments and labeled them as A, B, and C.He prefers investment A to investment B and investment B to investment C.Not being able to rank investment A relative to investment C would most likely violate which of the four axioms of utility?A. Continuity.B. Dominance.C. Transitivity.
Q) Applying the independence axiom of utility, an investor who prefers investment A to investment B and has the option to add all or a portion of investment C to his selection would NOT prefer:A. (A + C) to (B + C).B. (A + 0.25C) to (B + 0.25C).C. (B + 0.75C) to (A + 0.75C).