Suppose the consumer has convex preferences, and we know (2, 4) ~(6, 1). Is

the statement (4,2.5) >=(6, 1) correct? What about the statement (4, 2.5)>
(6, 1)? Suppose now the consumer has strictly convex preferences, and and
we know (2, 4) ~ (6,1). Does any of your answers change?

2 answers

nio

Ask a New Question or answer this question.

Similar Questions

c) In case of convex consumer preferences, any point that satisfies the tangency condition must be an optimal point. Is this
1. 1 answer
Which of the following is not a determinant of demand?(1 point)Responses cost of production cost of production consumer
1. 3 answers
Eric must do an assignment on consumer preferences of different smartphone brands. Which data source would be most appropriate
1. 1 answer
Which of the following is not a determinant of demand?(1 point)Responses prices of related goods prices of related goods
1. 1 answer