Can someone please help with this question getting so stuck - never studied economics before and I decided to take it on my year abroad (in a different language)
For each case, are the preferences rational (complete and transitive) and monotonic? Why?
a) John is indifferent between the bundles (1,6), (6,1) and (5,5)
b) Suzan prefers (6,1) to (4,4) and (4,4) to (1,6)
c) Michael prefers (2,3) to (1,8) and is indifferent between (1,8) and (4,4) Thank you!
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- Thread Starter
- 14-10-2017 10:44