Napoleon has preferences on bundles of two goods (x,y). Napoleon finds (x,y) is at least as good as (x’,y’) whenever the following is true: either x>x’, or x=x’ and y≥y’. Do Napoleon’s preferences violate transitivity?
Napoleon has preferences on bundles of two goods (x,y). Napoleon finds (x,y) is at least as good as (x’,y’) whenever the following is true: either x>x’, or x=x’ and y≥y’. Do Napoleon’s preferences violate transitivity?
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 11SQ
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Napoleon has preferences on bundles of two goods (x,y). Napoleon finds (x,y) is at least as good as (x’,y’) whenever the following is true: either x>x’, or x=x’ and y≥y’. Do Napoleon’s preferences violate transitivity?
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