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Suppose that a person has the following preferences over A,B, C and D = {(, ), (, ), (, ), (, ), (, ), (,
Suppose that a person has the following preferences over A,B, C and D
= {(, ), (, ), (, ), (, ), (, ), (, )} As in the lecture (, ) means A is at least as good as B.
aArgue that the preferences are complete or that they are not.
bArgue that the preferences are transitive or that they are not.
cArgue that the preferences can be represented by a utility function or that they cannot.
Argue that the preferences can be represented by a utility function or that they cannot.
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