Question
Suppose Jana and Lea are presented with the following four bundles A=(4, 6), B = (6,5), C = (6,9) and D=(6,4), E=(7,7). Their preferences satisfy
Suppose Jana and Lea are presented with the following four bundles A=(4, 6), B = (6,5), C = (6,9) and D=(6,4), E=(7,7). Their preferences satisfy completeness, reflexivity and transitivity. Jana's preferences satisfy weak monotonicity and Lea's preferences are lexicographic in favour of good 1 (the good whose quantity appears first in each bundle stated above).
Which of the following statements is correct? (If no statement is correct, select "None".)
Select one or more:
a.For Lea, bundle C is weakly preferred to bundle B.
b.For Jana, bundle C is strictly preferred to bundle B.
c.
For Jana, bundle E is strictly preferred to bundle A.
d.
Jana's favorite bundle among the five stated is E.
e.Lea is indifferent between bundles A and D.
f.
Jana is indifferent between bundles A and D.
g.
Lea's favorite bundle among the five stated is E.
h.
None.
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