Economists define "rational" tastes as those which are objective and transitive.
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Q1: Two rationality assumptions economists make about tastes
Q2: You like bundle A better than bundle
Q4: Prove formally that the rationality axioms alone
Q5: If you observe me choosing bundle A
Q6: Suppose tastes are NOT monotonic anywhere.Then diminishing
Q7: Suppose bundle A is better than bundle
Q8: Explain the following statement: Individuals with different
Q9: Explain the following statement: For the same
Q10: Complete tastes are tastes that make people
Q11: Consider a worker who dislikes working end
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