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Problem 2. Answer the following questions. a. Show that the lexicographic preference 21 on R, that we learned in our first lecture, is complete. b.

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Problem 2. Answer the following questions. a. Show that the lexicographic preference 21 on R, that we learned in our first lecture, is complete. b. For a consumer with the lexicographic preference 21, find her ( Marshal- lian/Walrasian) demand x( p1, p2, w), which satisfies: I( P1, P2, W) 21 X for all r E B(p1, P2, w)

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