There Is a Set of Goods$x=\left(x_{1}, x_{2}, \ldots x_{N}\right)$ Trudy Can Only Afford

Question

There Is a Set of Goods$x=\left(x_{1}, x_{2}, \ldots x_{N}\right)$  Trudy Can Only Afford

Examlex · Accepted Answer

The Answer is We already know that

x_{1}

is indirectly revealed preferred to

x_{N-1}

, then it must also be true that

x_{N-1}

is never chosen over

x_{1}

when

x_{1}

is less expensive than

x_{N-1}

.

There Is a Set of Goods $x=\left(x_{1}, x_{2}, \ldots x_{N}\right)$ Trudy Can Only Afford