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4. Suppose that we have the following observation regarding a consumer. In the following table, r denotes the amount of apples consumed, y denotes the

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4. Suppose that we have the following observation regarding a consumer. In the following table, r denotes the amount of apples consumed, y denotes the amount of oranges consumed, pr denotes the per unit price of apples, and py denotes the per unit price of oranges. PI Py T. Bundle 1 4 10 10 2 Bundle 2 5 5 Bundle 3 2 3 2 Call the bundle in the first row as bundle 1, the bundle in the second row as bundle 2, and the bundle in the third row as bundle 3. (a) Determine whether the following statements hold or not. Include in your answers calculations that lead to your answers. i. Bundle 1 is revealed preferred to bundle 2. ii. Bundle 1 is revealed preferred to bundle 3. iii. Bundle 2 is revealed preferred to bundle 1. iv. Bundle 2 is revealed preferred to bundle 3. v. Bundle 3 is revealed preferred to bundle 1. vi. Bundle 3 is revealed preferred to bundle 2. (b) Based on (a), determine whether the weak axiom of revealed preferences (WARP) is violated or not

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