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Which of these is TRUE or FALSE? The binary relation>on the set of real numbers is reflexive. The binary relation = on the set of
Which of these is TRUE or FALSE?
- The binary relation>on the set of real numbers is reflexive.
- The binary relation = on the set of real numbers is complete.
- The lexicographic ordering onR+2is transitive.
- The preference relation represented by the utility functionu(x1, x2) :=x1x2for all nonnegative (x1 , x2) is continuous.
- Given utility functionu(x1, x2) := (x11)2+ (x21)2 for all nonnegative (x1, x2), any optimum of the consumer's decision problem belongs to the budget line.
- The binary relationdefined by (x1,x2)(x1,x2) 1 x1+ x2 (x1+x2) 1is transitive on R+2.
- The binary relation defined by the above formula (6) is reflexive on R+2.
- The binary relation defined by the above formula (6) is complete on R+2
- The lexicographic ordering on the set of nonnegative integer pairs (i.e., pairs (m, n) such thatmandnare elements of the set{0,1,2,3,}) can be represented by a utility function.
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