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Question 8 For 8-11: 2 pts Assume each individual has complete and transitive preferences. Also assume that no individual is indifferent between any two
Question 8 For 8-11: 2 pts Assume each individual has complete and transitive preferences. Also assume that no individual is indifferent between any two distinct alternatives. 8. Is the 'following statement true? or is it false? There.is no social welfare function which satisfies all of the following requirements for a social welfare function: Transitivity, Completeness, Universality, Pareto consistency, Independence of irrelevant alternatives and Non-dictatorship. O True O False Question 9 For 9-11: Consider the constant social welfare function that assigns the social preferences 2 pts xly, xPz, ylz, xlx, yly, zlz to every possible profile. 9. Is the requirement of transitivity for a social welfare function satisfied? welfare function satisfied? O Yes, No Is the requirement of completeness for a social O O O Yes, Yes No, No No, Yes
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