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Allan's preferences over the set of bundles that contains chicken and pork are such for any two arbitrary bundles A = (cA, pA) and B
Allan's preferences over the set of bundles that contains chicken and pork are such for any two arbitrary bundles A = (cA, pA) and B = (cB, pB), A B if and only if cA cB. That is, Allan only cares about his consumption of chicken and does not care about his consumption of pork. His preference relation is complete and strongly monotone but not strictly convex.
True, False, or Uncertain? Justify your answers.
(c) (6 marks) Allan's preferences = over the set of bundles that contains chicken and pork are such for any two arbitrary bundles A = (c4,p4) and B = (p,pg), A= B if and only if 4 > p. That is, Allan only cares about his consumption of chicken and does not care about his consumption of pork. His preference relation > is complete and strongly mono- tone but not strictly convexStep by Step Solution
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