eonsisteney Let A = {a,b,c} be a set ofthree alternatives. Imagine asking someone to rank the alternatives, as best they can. Give four possible responses to such arequest, such that the first two display economic rationality and the second two do not.

For the first two responses, assign numerical values to the three alternatives such that the ranking of the numerical assignments agrees with the originaI responseo Provide another set of numerical values that also agrees with the originaI responseo Why are your numerical valuations not unique?

AppendixLO1