Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Check whether or not each of the following binary relations on a set X is a preference relation (i.e., is complete and transitive). Justify

image text in transcribed
image text in transcribed
1. Check whether or not each of the following binary relations on a set X is a preference relation (i.e., is complete and transitive). Justify your answers. (a) X = Rand x _ y if x - y> 1. (b) X = R and x -1. (c) X is the set of people in the world, and x _ y if a was born on or before the same day as y. (d) X is the set of countries in the world, and x _ y if x and y share a border. (e) X is the set of products at the grocery store, and x ~ y if either x has at least as many calories as y or x costs as least as much as y

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Foundations Of Global Financial Markets And Institutions

Authors: Frank J. Fabozzi, Frank J. Jones, Francesco A. Fabozzi, Steven V. Mann

5th Edition

0262039540, 978-0262039543

More Books

Students also viewed these Economics questions

Question

understand possible effects of lifestyle risk factors;

Answered: 1 week ago