Business, 14.02.2020 22:53 karinagaticap73vrn
Jon has complete and transitive preferences on bundles of sodas and pizza. Jon finds one soda and two slices of pizza at least as good as two sodas and a slice of pizza. Moreover, two sodas and a slice of pizza is not at least as good as one soda and two slices of pizza. Then, we know that:
1. Jon is indifferent between two sodas and one slice of pizza and one soda and two slices of pizza.
2. Jon prefers one soda and two slices of pizza to two sodas and one slice of pizza.
3. Jon’s utility function is differentiable.
4. Jon’s preferences satisfy more is better.
5. Jon prefers two sodas and one slice of pizza to one soda and two slices of pizza.
Answers: 2
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Jon has complete and transitive preferences on bundles of sodas and pizza. Jon finds one soda and tw...
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