Econ 2200W(Micro) Fall 2017 est: Chapter 10-B his Question: 1 pt 3019 (1 complet

Question

Econ 2200W(Micro) Fall 2017 est: Chapter 10-B his Question: 1 pt 3019 (1 complete) Suppose bundle A contains 5 CDs and 5 DVDs and bundle B contains 8 CDs and 2 DVDs t a consumer is able to rank different combinations of goods and services in terms of how much utlity they provide, then O A. the consuner will profer bundle A to bundle B O B. the consumer will prefer bundle B to bundle A O C. the consumer will receive equal utlity from the two bundles O D. both a and b are possible O E. a, b, and c are possible Next, suppose a consumer prefers a taco to a slice of pizza and a slice of pizza to a fish flet. If the consumer's preferences are transitive, then OA, the consumer will prefer a taco to a fish filet OB, the consumer will prefer a fish filet to a taco O C. the consumer vwill receive equal utility from a taco and a fish ilet O D. OE, both a and b are possible a, b, and c are possible Clhck to select your answer O Type here to search

Explanation / Answer

Answer:- The correct option is:-

A,B and C are possible

Reason:- The utility depends upon the weight given to each product by the user

Answer:- The correct Answer is:-

The consumer will prefer a taco to a fish filet

Reason:- The equation for utilities is as below

Taco> Pizza>Fish

Thus as per transitive rule, Taco>Fish

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