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You want to model Jim's consumption behavior. You ask him to give you his preference ordering. He only gives you a list of his indifference
You want to model Jim's consumption behavior. You ask him to give you his preference ordering. He only gives you a list of his indifference sets. This list has at least two indifferent sets - there are at least some bundles that Jim prefers more than others. Can you use this information to derive his utility function? [Hint: Think about the properties a bilateral relation must satisfy in order to admit a functional representation]
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