2. Write a preference on R as a subset of R, where a bundle r E R² is at least as good asa bundle y E R if the larger coordinate of r is greater than or equal to the larger coordinateofIs this preference rational? Does it have a utility representation?

To write: A preference ⪰ on ℝ+2 as a subset of ℝ+4, where a bundle x∈ℝ+2 is at least as good as a…

2. Write a preference E on R as a subset of R', where a bundle a E Rª is at least as good as a bundle y E R if the larger coordinate of x is greater than or equal to the larger coordinate of y. Is this preference rational? Does it have a utility representation?

2. Write a preference E on R as a subset of R', where a bundle a E Rª is at least as good as a bundle y E R if the larger coordinate of x is greater than or equal to the larger coordinate of y. Is this preference rational? Does it have a utility representation?

Elements Of Modern Algebra

8th Edition

ISBN:9781285463230

Author:Gilbert, Linda, Jimmie

Publisher:Gilbert, Linda, Jimmie

Chapter1: Fundamentals

Section1.2: Mappings

Problem 6E: 6. For the given subsets and of Z, let and determine whether is onto and whether it is...

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Question

2. Write a preference on R as a subset of R, where a bundle r E R² is at least as good as
a bundle y E R if the larger coordinate of r is greater than or equal to the larger coordinate
of
Is this preference rational? Does it have a utility representation?

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