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juile buys the bundle

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0603:at price(p1 p2)=(6,2), juile buys the bundle(x1,x2)=(11,15).;a price(p1'.p2')=(2,6),juile buys the bundle(x1', x2')=(9,13).at price(p1'',p2'')=(3,4) she buys the bundle(x1'',x2'')=(15,11).identify which bundle are directly and indirectly perferred to others, and check to see if the weak Axiom of revealed preference(WARP)HOLDS, SHOW ALL WORKS

 

Paper#28648 | Written in 18-Jul-2015

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