1) If the rational preferences of a consumer over bundles of (x₁, x₂) satisfies weak monotonicity,which of the bundles below is definitely worse than the bundle x = (5,5)?a) (2,6).b) (4,5).c) (5,1).d) None of the bundles above are definitely worse than x.

Solution of the problem as follows

Answered: 1) If the rational preferences of a…

1) If the rational preferences of a consumer over bundles of (x₁, x₂) satisfies which of the bundles below is definitely worse than the bundle x = (5,5)?

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter7: Distance And Approximation

Section7.2: Norms And Distance Functions

Problem 14EQ

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Question

1) If the rational preferences of a consumer over bundles of (x₁, x₂) satisfies weak monotonicity,
which of the bundles below is definitely worse than the bundle x = (5,5)?
a) (2,6).
b) (4,5).
c) (5,1).
d) None of the bundles above are definitely worse than x.

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