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Suppose You Are Given the Following Preference Information: A: (0

Question 34

Multiple Choice

Suppose you are given the following preference information: a: (0, 1, 0: 3000, 2000, 1000) is indifferent to b: (3/4, 0, 1/4: 3000, 2000, 1000) . Given the prospects c: (1/3, 1/3, 1/3: 3000, 2000, 1000) and c: (1/2, 1/4, 1/4: 3000, 2000, 1000) , which of the following statements is true?


A) d is preferred to c
B) c is indifferent to d
C) c is preferred to d
D) A preference ranking cannot be found with the given information.

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