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2. [20 POINTS] Jason consumes two goods: good 1 and good 2. His preference relation > over the set of available bundles X is such

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2. [20 POINTS] Jason consumes two goods: good 1 and good 2. His preference relation > over the set of available bundles X is such that, for any bundles x, y e X, x > y if and only if x1 2 y1 or 12 2 12. (a) [4 POINTS] Illustrate Jason's indifference curves in a graph with good 1 on the horizontal axis and good 2 on the vertical axis. (b) [4 POINTS] Is Jason's preference relation complete? Provide an explanation. (c) [4 POINTS] Is his preference relation transitive? Provide an explanation. (d) [4 POINTS] Is his preference relation monotone? Provide an explanation. (e) [4 POINTS] Is this preference relation convex? Provide an explanation

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