Please include graphs and explanationssmith likes cashews, Ask an Expert

Economics

Please include graphs and explanations

Smith likes cashews better than almonds and likes almond better than walnuts. He likes pecans equally as macadamia nuts and prefers macadamia nuts to almonds. Assuming his preferences are transitive, which doe he prefer: (explain your answer)

a) Pecans or walnuts?

b) Macadamia nuts or cashews?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91521402

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