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Over a three-year period, Joseph exhibits the following consumption behavior: a. (5 points) Comparing Year 1 and 2, can you say in which yearjoseph is
Over a three-year period, Joseph exhibits the following consumption behavior: a. (5 points) Comparing Year 1 and 2, can you say in which yearjoseph is better 011'? Explain why or why not. b. (5 points) Taking into account all three years, isJoseph's behavior consistent with the Principle of Rationality? Explain why or why not
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