Business, 20.11.2019 02:31 cat8339

Suppose bundle a contains 5 cds and 5 dvds and bundle b contains 2 cds and 8 dvds. if a consumer is able to rank different combinations of goods and services in terms of how much utility they provide, then

a. the consumer will prefer bundle a to bundle

b. b. the consumer will prefer bundle b to bundle a.

c. the consumer will be indifferent between bundle upper a and bundle upper b.

d. both a and b are possible.

e. a, b, and c are possible.

next, suppose a consumer prefers a taco to a chicken sandwich and a chicken sandwich to a slice of pizza. if the consumer's preferences are transitive, then

a. the consumer will prefer a slice of pizza to a taco.

b. the consumer will prefer a taco to a slice of pizza.

c. the consumer will be indifferent between a taco and a slice of pizza.

d. both a and b are possible.

e. a, b, and c are possible.

Answers: 2

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Suppose bundle a contains 5 cds and 5 dvds and bundle b contains 2 cds and 8 dvds. if a consumer is...