Mark Strictly Prefers Consumption Bundle a to Consumption Bundle B

question 26

True/False

Mark strictly prefers consumption bundle A to consumption bundle B and weakly prefers bundle B to bundle A.These preferences can be represented by a utility function.

---

Definitions:

Indirect Quotation

A paraphrase or summary of someone else's words without directly quoting them, often introduced by a phrase like "he said that..." or "according to..."

Quotation Marks

Punctuation marks used in pairs to indicate the beginning and end of a quotation or a direct speech within a text.

Plagiarism

The act of using someone else's work or ideas without giving proper credit, thereby presenting it as one's own.

Summarizing

The act of briefly presenting the main points or essence of a longer text or speech in a concise form.