Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Regularly the arrangement of choices isn't limited, on the grounds that regardless of whether the quantity of merchandise is limited, the amount picked can be

image text in transcribed
image text in transcribed
Regularly the arrangement of choices isn't limited, on the grounds that regardless of whether the quantity of merchandise is limited, the amount picked can be any genuine number on a stretch. A generally indicated Choice Set in Consumer Choice is {\\displaystyle R_{+}"{n}}{\\displaystyle R_{+}\"'{n}}, where {\\displaystyle n}n is the quantity of merchandise. For this situation, there exists a persistent utility capacity to address a buyer's inclinations if and provided that the purchaser's inclinations are nished, transitive and continuous.[3]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Hospitality Management

Authors: John R Walker

3rd Edition

0135061385, 9780135061381

More Books

Students also viewed these General Management questions

Question

Under what conditions is media access control unimportant?

Answered: 1 week ago

Question

Behaviour: What am I doing?

Answered: 1 week ago