Description of this paper

Emil chooses the bundle

Description

solution


Question

0902(b) When prices are ($2, $10), Emil chooses the bundle (1, 6), and when prices are ($12, $4), he chooses the bundle (7, 2). Is Emil?s choice of bundles consistent with the Weak Axiom of Revealed Preference?

 

Paper#28672 | Written in 18-Jul-2015

Price : $22
SiteLock