At Prices ($4, $12), Harry Chooses the Bundle (9, 4)

question 11

Multiple Choice

At prices ($4, $12) , Harry chooses the bundle (9, 4) .At the prices ($8, $4) , Harry chooses the bundle (2, 9) .Is this behavior consistent with the weak axiom of revealed preference?

• A)Yes.
• B)No.
• C)It depends on his income.
• D)We would have to observe a third choice to be able to say.
• E)None of the above.

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Definitions:

Hubel and Wiesel

Neurophysiologists known for their studies of the visual cortex, which showed how certain brain cells respond to edges, lines, and movements, leading to the Nobel Prize in Physiology or Medicine.

Feature Detector

Neurons in the brain that are responsible for detecting specific features of the environment, such as lines, edges, or movement.

Visual System

The part of the central nervous system which enables organisms to process visual detail, as well as enabling several photo response functions.

Neuron

A specialized cell transmitting nerve impulses; a nerve cell, which is the basic building block of the nervous system.