Mike does not sweat the petty stuff. In fact, he just cannot detect small differences. He consumes two goods, z and y. He prefers the bundle (x, y) to the bundle (z', y') if and only if ry-r'y' > 1. Otherwise, he is indifferent between the two bundles. (a) Is the relation of indifference transitive for Mike? Explain. (5 Marks) (b) Is the preferred relation transitive for Mike? Explain. (5 Marks)