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Transitive preferences and maximizing behavior

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Reference no: EM133372603

Questions

1. In which of these subsets can MS. j identify her most preferred outcome ?

2. Do any of these subsets contain a preference intransitvity among all outcomes in the subset?

3. What do questions 1 and 2 indicate about the relationship between transitive preferences and maximizing behavior?

Reference no: EM133372603

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