Pierre's friend Jacques lives in a town where he has to pay 3 francs per glass of wine and 3 francs per loaf of bread.Jacques consumes 8 glasses of wine and 4 loaves of bread per day.Recall that Bob has an income of $15 per day and pays $.50 per loaf of bread and $2 per glass of wine.If Bob has the same tastes as Jacques and if the only thing that either of them cares about is the consumption of bread and wine,
A)there is not enough information to determine whether one is better off than the other.
B)both of them violate the weak axiom of revealed preferences.
C)Jacques is better off than Bob.
D)Bob is better off than Jacques.
E)Bob and Jacques are equally well off.

Question

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The Answer of Pierre's friend Jacques lives in a town where he has to pay 3 francs per glass of wine and 3 francs per loaf of bread.Jacques consumes 8 glasses of wine and 4 loaves of bread per day.Recall that Bob has an income of $15 per day and pays $.50 per loaf of bread and $2 per glass of wine.If Bob has the same tastes as Jacques and if the only thing that either of them cares about is the consumption of bread and wine,
A)there is not enough information to determine whether one is better off than the other.
B)both of them violate the weak axiom of revealed preferences.
C)Jacques is better off than Bob.
D)Bob is better off than Jacques.
E)Bob and Jacques are equally well off.

Pierre's Friend Jacques Lives in a Town Where He Has