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Please show that the Lexicographic preference (For any x, y R+2 , xy if and only if either x1.>y1 (1) or x1 = y1 (2)
Please show that the Lexicographic preference (For any x, y R+2 , xy if and only if either x1.>y1 (1) or x1 = y1 (2) and x2 y2 )
(1) is not continuous
(2) cannot be represented by any utility function
Thank you in advance for your support!
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