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MrsAngelD MrsAngelD
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6 years ago
Show that the following preferences are not consistent for a rational individual.
i.   An individual when confronted with prices of p1 = $4 and p2 = $8 chooses q1 = 1
and q2 = 5.
ii.   The same individual facing prices of p1 = $6 and p2 = $9 chooses q1 = 5 and q2 = 3.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
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forrestforrest
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#1
Posts: 266
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6 years ago
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MrsAngelD Author
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6 years ago
Thanks for your help!!
Harvinder
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
rhockeygirl
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2 hours ago
Thank you, thank you, thank you!
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