Suppose You Are Given the Following Preference Information: A: (0

question 45

Multiple Choice

Suppose you are given the following preference information: a: (0, 1, 0: 3000, 2000, 1000) is indifferent to b: (3/4, 0, 1/4: 3000, 2000, 1000) . If U(3000) = 1, U(1000) = 0, and U(2000) =5/8. What is the correct preference ranking?

• A)a is indifferent to b
• B)a is preferred to b
• C)b is preferred to a
• D)a preference ranking cannot be found with the given information

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Definitions:

Decreased Elasticity

A reduction in the ability of a material, tissue, or organ to resume its original shape after stretching, squeezing, or contracting.

Noticeable Facial Bones

Refers to the prominence or visibility of the bones in the face, which can be an aesthetic feature or indicate certain health conditions.

Salivary Glands

Exocrine glands located in the mouth that produce saliva, which aids in digestion and oral hygiene.

Parotid

The parotid glands are the largest of the salivary glands, located on the sides of the face, responsible for saliva production.