Academic Integrity: tutoring, explanations, and feedback — we don’t complete graded work or submit on a student’s behalf.

For the following situation argue 1) whether the WARP is violated or not. and 2)

ID: 1183757 • Letter: F

Question

For the following situation argue 1) whether the WARP is violated or not. and 2) which (if any) bundle is revealed preferred to the other one. Assume that Susan has an income of 53. Susan can consume 4 goods: liquid paper, timbits, french fries, and cola. On day one Susan faces prices pl1 = 2, pt1 = 1, pf1 = 4 and pc1= 1. She consumes xl1 = 4, xt1 = 8, xf1 = 8, and xc1 = 5. On day two she faces prices pl2 = 0.5, pt2 = 0.8, pf2 = 6 and = 0.5, and pc2 = 0.5, and consumes xl2 = 4, xt2 = 5, xf2= 9, and xc2 = 4.

Explanation / Answer

picture quality is not good...font size is very small ....cant see

Hire Me For All Your Tutoring Needs
Integrity-first tutoring: clear explanations, guidance, and feedback.
Drop an Email at
drjack9650@gmail.com
Chat Now And Get Quote