Chingiz has preferences over bundles of apples and bananas. He prefers bundle 1 to bundle 2 if and only if both of thefollowing conditions are satisfied:1) there are at least as many apples as bananas in bundle 12) there are at least as many bananas in bundle 1 as bananas in bundle 2Chingiz's preferences areSelect one:a. Not transitive and not complete xO b. Transitive and not completec. Transitive and completed. Not transitive and completee. None of the other answers are correctThere are two consumers in an exchange economy. Consumer A's utility function is ua(Xa.YA)=(XA+3)yA, consumer B'sutility function is ug(XB.Ya)=Xg*y%*. Allocation (X4.VA,Xg,g)=(0,5,2,3) isSelect one:a. Equilibrium only at prices p/py=15/8b. Not equilibrium at any pricesc. None of the other answers are correctd. Equilibrium only at prices p/py=5/3e. Equilibrium for more than one price ratio p/p, xVlad weakly prefers to eatmeal A over meal B if meal Ahas more than 3 eggs in it andmeal A has at least as manycalories as meal B.Vlad's preferences are:There are 3 consumers (A, B and C) in an exchange economy with two goods (x and y). Theirutility functions are given by u ,(XA,YA)=XAYA, UB(XB,YB)= XBYB andu c(x c.Yc) =min{xcyIs allocation (xg,YgXg,Yg,Xc•Yc)=(1,2,2,1,1,1) Pareto optimal?Select one:True xFalse

Given are the preferences for Bundle 1 > Bundle 2 ; if: 1) Number of apples = Number of bananas…

Chingiz has preferences over bundles of apples and bananas. He prefers bundle 1 to bundle 2 if and only if both of the following conditions are satisfied: 1) there are at least as many apples as bananas in bundle 1 2) there are at least as many bananas in bundle 1 as bananas in bundle 2 Chingiz's preferences are Select one: a. Not transitive and not complete x b. Transitive and not complete O .Transitive and complete d. Not transitive and complete e. None of the other answers are correct

Chingiz has preferences over bundles of apples and bananas. He prefers bundle 1 to bundle 2 if and only if both of the following conditions are satisfied: 1) there are at least as many apples as bananas in bundle 1 2) there are at least as many bananas in bundle 1 as bananas in bundle 2 Chingiz's preferences are Select one: a. Not transitive and not complete x b. Transitive and not complete O .Transitive and complete d. Not transitive and complete e. None of the other answers are correct

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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