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QUESTION A2 (4 marks total) Assume Alice has the following preference relation on [0,1]: 3: i: y if and only if a: g y for
QUESTION A2 (4 marks total) Assume Alice has the following preference relation on [0,1]: 3: i: y if and only if a: g y for all :3 75 1 and y y 1; and 1 > z for all 2: 6 (0,1), 1 N 1 and 0 > 1. Does there exists a utility representation for this preference relation? If yes, provide a utility function. If no, explain. Show your work
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