Question

True/False and Explain. LetX. Ifxfor allx; y2X, then it can be represented by a utility function.

be a preference relation on

is such that not

y

9. True/False and Explain. Let

be a preference relation on

X

. If

is such that, for

alternatives

x; y; z

2

X

,

x

y

z

and

z

x

, then it cannot be represented by a utility

function.



answers plz

Subject: Business, Economics
True/False and Explain. Let be a preference relation on X . If is such that not x y for all x; y 2 X , then it can be represented by a utility...
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