Smith likes cashews better than almonds and likes almond, Ask an Expert

Economics

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 does he prefer: (explain your answer?)

a. Pecans or walnuts?

b. Macadamia nuts or cashews?

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91422336

Have any Question?Write your Review or question?

Related Questions in Business Economics

Data collected in the imaginary economy of petubia reveals

Data collected in the imaginary economy of petubia reveals that when the price of hizzle increased by 25%, the quantity of hizzle decreased by 10%, and the quantity of vort demanded increased by 30%. What is the cross-pr ...

When nespresso as a brand took over the world what do you

When Nespresso as a brand 'took over the world' What do you think that happened with coffee sales in HM and SM? Was Nespresso's model of own stores 'killing' the sales of coffee in Hyper and Supermarkets?

1 suppose that a big mac costs 579nbspin the us and chf 65

1. Suppose that a Big Mac costs $5.79 in the US, and CHF 6.5 in Switzerland. You are told that the exchange rate between $ and CHF is CHF=$0.5 From what you know about PPP theory and Law of One Price, the swiss franc is. ...

A courier service advertises that its average delivery time

A courier Service advertises that it's average delivery time is less than six hours for a local deliveries. The random sample of times for 12 deliveries twin I'm just across town. The sample has a mean delivery time of 5 ...

What steps do i take to calculate if a person bought 1

What steps do I take to calculate, If a person bought 1 share of Google stock within the last year, what is the probability that the stock on that day closed at more than $950? Please explain the steps and you can use di ...

Suppose after collecting data on an existing firms actual

Suppose, after collecting data on an existing firm's actual short-run ouput, the following production function is found to match the data: TP = Q = 5*L + 0.6*L2 - 0.01*L3 1. Using the equation above, find the following ...

For the following question i cant understand where the 0086

"For the following question I can't understand where the 0.086 comes from via the t table. Please advise. The average test score of a population is 75. A sample of 9 students are randomly selected. The sample standard de ...

Discuss the benefits and challenges of developing

Discuss the benefits and challenges of developing center-based learning environments.

1 a consumer has 300 to spend on goods x and y the market

1. A consumer has $300 to spend on goods X and Y. The market prices of these two goods are Px $15 and Py $5. a. What is the market rate of substitution between goods X and Y? b. Show how the consumer's opportunity set ch ...

A firm produces product a and product b this years sales

A firm produces Product A and Product B. This years sales price of Product A have decreased tremendously, and the sale of Product B has increase by 10 percent. The firm has threeemployees that can produce Product A and f ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert