Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ward Cleaver likes strong coffee, the stronger the better, but Ward can't distinguish small differences. Over the years, June (Ward's homemaker wife) has determined that

Ward Cleaver likes strong coffee, the stronger the better, but Ward can't distinguish small differences. Over the years, June (Ward's homemaker wife) has determined that if she changes the amount of coffee by more than one teaspoon in their six-cup pot, Ward can tell that she did it. But Ward cannot distinguish differences smaller than one teaspoon per pot.

Where A and B are two different cups of coffee:

Let us write (A strict preference to B)if Ward prefers cup A to cup B;

Let us write(A weak preference to B)if Ward either prefers cup A to cup B or can't tell the difference between them;

Let us writeA ~ B (indifferent)if Ward can't tell the difference between cup A and cup B.

Cup A was brewed using 14 teaspoons of coffee in the pot.

Cup B was brewed using 14.75 teaspoons of coffee in the pot.

Cup C was brewed using 15.5 teaspoons of coffee in the pot.

Determine which of the following relations holds true.

1) A weak preference B?

2) B weak preference C?

3) A weak preference C?

4) A ~ B?

5) B ~ C?

6) A ~ C?

Which of these collections of properties describes Ward's preference relations?

1)

Ward's "can't tell the difference" relation is transitive, Ward's "at least as good as" relation is transitive.

2)

Ward's "can't tell the difference" relation is NOT transitive, Ward's "at least as good as" relation is transitive.

3)

Ward's "can't tell the difference" relation is transitive, Ward's "at least as good as" relation is NOT transitive.

4)

Ward's "can't tell the difference" relation is NOT transitive, Ward's "at least as good as" relation is NOT transitive.

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

Economics

Authors: David Colander

7th Edition

0073402869, 9780073402864

More Books

Students also viewed these Economics questions

Question

Describe the culture of the Amadors businesses.

Answered: 1 week ago

Question

7. How can the models we use have a detrimental effect on others?

Answered: 1 week ago