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1. Consider an agent with preferences represented by the utility function: my) : x%+1n(y) (a) For each pair of bundles, indicate which is preferred or

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1. Consider an agent with preferences represented by the utility function: my) : x%+1n(y) (a) For each pair of bundles, indicate which is preferred or if they are indifferent between the two. (4 points) A(3,9) B(2,8) ______________ C(5,7) D(8,4) ______________ E(7,10) F(7,7) ______________ G(6,9) H(9,6) ______________ (b) Using the bundles in (a), make a list that orders the bundles according to the agent's preferences. Start the descending list with the most preferred bundle and end with the least preferred bundle. (2 points)

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