When Prices Are ($4, $2), Tomoko Chooses the Bundle (9

question 45

Multiple Choice

When prices are ($4, $2) , Tomoko chooses the bundle (9, 18) , and when prices are ($1, $2) , she chooses the bundle (8, 14) .

• A)The bundle (8, 14)is revealed preferred to the bundle (9, 18)and she does not violate WARP.
• B)She violates SARP but not WARP.
• C)The bundle (9, 18)is revealed preferred to the bundle (8, 14)and she does not violate WARP.
• D)She violates WARP.
• E)None of the above.

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Definitions:

Local Authorities

Regional or municipal governments responsible for providing local services, managing regulations, and supporting community welfare.

Personal Property

Movable assets or belongings that are owned by an individual or business, as opposed to real estate.

Tangibility

Tangibility refers to the quality of being perceptible by touch or being material, as opposed to intangible assets like patents or copyrights.

Inheritance

The assets, rights, and obligations passed down to heirs or legal successors after someone dies.