If the Only Information We Had About Goldie Were That

question 19

Multiple Choice

if the only information we had about Goldie were that she chooses the bundle (6, 6) when prices are (6, 7) and she chooses the bundle (10, 0) when prices are (2, 5) , then we could conclude that

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

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Definitions:

Mind Maps

Diagrams used to visually organize information, typically centered around a single concept, from which related ideas branch out.

Note Taking Systems

Organized methods for recording information from lectures or readings to enhance learning and retention.

Cornell System

A systematic method of note-taking that involves dividing paper into sections to organize notes and summaries for effective study.

Auditory Learner

A person who learns best through listening and benefits greatly from oral instruction and discussions.