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Question 1. (5 points) You consume the bundle (10,15) when p1=1 and p2=1, while you consume the bundle (5,10) when p1=3 and p2=1. Is your behavior consistent with the Weak Axiom of Revealed Preference? Why yes or why not?.

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Question 1. (5 points) You consume the bundle (10,15) when p1=1 and p2=1, while you consume the bundle (5,10) when p1=3 and p2=1. Is your behavior consistent with the Weak Axiom of Revealed Preference? Why yes or why not?

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Question 1 5 points You consume the bundle 1015 when p.pdf

  • 1. Question 1. (5 points) You consume the bundle (10,15) when p1=1 and p2=1, while you consume the bundle (5,10) when p1=3 and p2=1. Is your behavior consistent with the Weak Axiom of Revealed Preference? Why yes or why not?