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Economics

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Suppose the consumer has convex preferences, and we know (2, 4) ~(6, 1). Is
the statement (4,2.5) >=(6, 1) correct? What about the statement (4, 2.5)>
(6, 1)? Suppose now the consumer has strictly convex preferences, and and
we know (2, 4) ~ (6,1). Does any of your answers change?

  • Economics -

    no

  • Economics -

    nio

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