Question
Which of the following is NOT correct? a.Hank likes steak and potatoes and prefers to have a good balance of both, but he won't turn
Which of the following is NOT correct?
a.Hank likes steak and potatoes and prefers to have a good balance of both, but he won't turn down a large helping of either of them. That indicates the preference in the scenario is monotonic and convex.
b.Hankdoesnotlikepotatoesatall;thefewerthebetterforhim. But he does like steak. That indicates the preference inthescenariois monotonic.
c.Hankmustconsumeexactly4ouncesofsteakper1potato. That indicates the preference in thescenario is monotonic.
d.(H Hankisalwayshappytotrade2ouncesofsteakforanextrapotato.That indicates the preference in thescenario is convex.
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