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1. Is the following statement true, false, or ambiguous? Justify your answer. (10 marks.) Jose consumes rare books which cost him 8 pesos each and

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1. Is the following statement true, false, or ambiguous? Justify your answer. (10 marks.) Jose consumes rare books which cost him 8 pesos each and pieces of antique furniture which cost him 10 pesos each. He spends his entire income to buy 9 rare books and 11 pieces of antique furniture. Nigel has the same preferences as Jose, but faces different prices and has a different income. Nigel has an income of 162 pounds. He buys rare books at a cost of 4 pounds each and pieces of antique furniture at a cost of 11 pounds each. Neither Jose nor Nigel would prefer the other person's bundle to his own

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