2. Write a preference E on R as a subset of R', where a bundle a E Rª is at least as good as a bundle y E R if the larger coordinate of x is greater than or equal to the larger coordinate of y. Is this preference rational? Does it have a utility representation?

Advanced Engineering Mathematics
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2. Write a preference on R as a subset of R, where a bundle r E R² is at least as good as
a bundle y E R if the larger coordinate of r is greater than or equal to the larger coordinate
of
Is this preference rational? Does it have a utility representation?
Transcribed Image Text:2. Write a preference on R as a subset of R, where a bundle r E R² is at least as good as a bundle y E R if the larger coordinate of r is greater than or equal to the larger coordinate of Is this preference rational? Does it have a utility representation?
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