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1) Suppose U represents the preferences : 0n R1. (a) For any bundle :r: E R? if 3; Gt (3:), is y a real number,

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1) Suppose U represents the preferences : 0n R1. (a) For any bundle :r: E R?\" if 3; Gt (3:), is y a real number, or a vector in REL? (b) Suppose U(ac) : 1. Show that I: (at) = {y E R1\\U(y) Z 1}

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