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) . If U(3000) = 1, U(1000) = 0, and U(2000) =5/8. What is the correct preference ranking?
A) a is indifferent to b
B) a is preferred to b
C) b is preferred to a
D) a preference ranking cannot be found with the given information
Correct Answer:
Verified
Correct Answer:
Verified
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