Q3 Suppose that an individual has an ideal consumption bundle xX= R+2. The individual prefers x
to y if and only if x1x1+x2x2y1x1+ y2x2. Determine whether this preference relation is continuous
or convex..
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Q3 Suppose that an individual has an ideal consumption bundl.pdf
1. Q3 Suppose that an individual has an ideal consumption bundle xX= R+2. The individual prefers x
to y if and only if x1x1+x2x2y1x1+ y2x2. Determine whether this preference relation is continuous
or convex.