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If bundle B is chosen on BL1 and bundle C is chosen on BL2 then: Question 13 options: We can say that this consumer is
If bundle B is chosen on BL1 and bundle C is chosen on BL2 then: Question 13 options: We can say that this consumer is not satisfying WARP. We can say that bundle B is revealed preferred to bundle C. We can say that bundle C is revealed preferred to bundle B. We cannot make a comparison between bundles B and C
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Managerial Economics Markets and the Firm
Authors: William Boyes
2nd edition
618988629, 978-0618988624
