Lars has asserted that he prefers bacon to sausage, sausage to chips and chips to bacon. Based on this evidence, can his preferences be complete and transitive? Explain.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter10: Consumer Choice Theory
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Lars has asserted that he prefers bacon to sausage, sausage to chips and
chips to bacon. Based on this evidence, can his preferences be complete and
transitive? Explain.
Transcribed Image Text:1. Lars has asserted that he prefers bacon to sausage, sausage to chips and chips to bacon. Based on this evidence, can his preferences be complete and transitive? Explain.
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