natives 7. (8 points) Suppose that a person faces the set of alter M = (bike, skateboard, scooter} . e . He chooses bike (assume this means he strictly prefers bik ) Also, if he faces the set of alternatives M = {bike, skateboard, scooter, rollerskate, walk} rd . He chooses skateboard (assume this means he strictly prefers skateboa ) - ts are true, Based on those menus and choices, indicate whether the followung statemen false, or not enough information to determine. Please circle your answer. a. The person's preferences True False Not Enough Info are rational b. Both choices are rational True False Not Enough Info c. The preferences can be True False Not Enough Info represented by a utility function d. The preferences are menu- True False Not Enough info dependent ' 8. (8 points) Provide an example where an advertiser could use a behavioral bias or heuristic to increase sales of a product. in your answer, indicate what the bias/heuristic is, describe the bias/heuristic generally, and explain why this bias/heuristic will increase sales in your example