it is not possible to say if anything about the consumer’s preference for x...
If x > y and y < z, thenGroup of answer choicesx > zx < zx ~ zz < xit is not possible to say if anything about the consumer’s preference for x relative to zIf x > y and y > z thenGroup of answer choices1.x > z2.x < z3.x ~ z4.z < x or z > x5.it is not possible to say if anything about the consumer’s preference for x relative to zIf a consumer has a utility function of U = min{x, y}, x and y are:Group of answer choicesperfect substitutesthe same goodperfect complementsall of the abovenone of the abovestatic/image/hrline/1.gif
Answer 1: option 5: it is not possible to if anything about the consumer's preference for x relative to zAnswer 2: option 1: x>z. it assumes that the concept of transitivity holds true.Answer 3: option 3: perfect complements. this is because both the goods should be consumed in equal quantities to maintain utility levels.
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