If the Only Information We Had About Goldie Were That

question 22

Multiple Choice

if the only information we had about Goldie were that she chooses the bundle (6, 6) when prices are (6, 2) and she chooses the bundle (10, 0) when prices are (3, 5) , then we could conclude that

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

---

Definitions:

Dot Plot

A graphical display of data using dots, where each dot represents one or more observations.

Bar Chart

A graphical representation of data using bars of different heights to depict the values of various categories.

Line Chart

A graphical representation where data points are connected by straight lines, commonly used to visualize trends over time.

Tomato Prices

The market value assigned to tomatoes, which can vary based on factors like seasonality, supply, and demand.