Question
What does it mean when we say that bundle x is weakly preferred over bundle y? For two consumption bundles x and y, it means
What does it mean when we say that "bundle x is weakly preferred over bundle y"? For two consumption bundles x and y, it means ...
- We know the the consumer does not strictly prefer y over x.
why not x over y?
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Bank Management
Authors: Timothy W Koch, Steven Scott MacDonald, S Scott MacDonald
6th Edition
0324289278, 9780324289275
