If Goldie Chooses the Bundle (6, 6)when Prices Are ($6

question 52

Multiple Choice

If Goldie chooses the bundle (6, 6) when prices are ($6, $2) and the bundle (10, 0) when prices are ($2, $5) ,

• A)the bundle (6, 6)is revealed preferred to (10, 0)but there is no evidence that she violates WARP.
• B)neither bundle is revealed preferred to the other.
• C)Goldie violates WARP.
• D)the bundle (10, 0)is revealed preferred to (6, 6)and she violates WARP.
• E)the bundle (10, 0)is revealed preferred to (6, 6)and there is no evidence that she violates WARP.

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Definitions:

Damages

Compensation or monetary award given to a party in a legal action for injury or loss caused by the wrongdoing of another.

Socially Acceptable Behaviour

Actions or conduct that are considered appropriate and respectful within a society or group.

Reasonably Prudent Person

A legal standard that represents how an average person would responsibly act in certain circumstances.

Careful Manner

Conducting activities with diligence and attention to avoiding harm or errors.