(a) In the cases below, state whether the consumer is violating the assumption of completeness, transitivity or more is

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A In The Cases Below State Whether The Consumer Is Violating The Assumption Of Completeness Transitivity Or More Is 1 (144.23 KiB) Viewed 40 times

(a) In the cases below, state whether the consumer is violating the assumption of completeness, transitivity or more is better. a Sione is in a bike shop. He explains to the staff he prefers road bicycles to gravel bicycles. However, he has no preference between gravel bicycles and mountain bikes. The assumption Sione has violated is (b) Farah is offered a bundle of 3 computer magazines with 3 3.5" floppy disks, and a bundle of 3 computer magazines and 6 3.5" floppy disks. She states she prefers the first bundle over the second. This means that floppy. disks must be A (c) Both Aroha and Mei enjoy coffee on Monday mornings. Economists developed an accurate way to tell which person receives the higher utility. (d) Henare enjoys movies that have Keanu Reeves as an actor. He is offered a bundle with zero Keanu Reeves and two Adam Sandler movies, and a bundle of two Keanu Reeves and zero Adam Sandler movies. He states he is indifferent between the two bundles. This means that Adam Sandler movies must be