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Preference violations. (16 points, 4 points each) Determine whether or not the following sets of preferences violate any of the axioms of consumer preferences. If yes, name the axiom(s) that is...

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Preference violations. (16 points, 4 points each) Determine whether or not the following sets of preferences violate any of the axioms of consumer preferences. If yes, name the axiom(s) that is violated and explain how it is violated.
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Answered Same Day Dec 25, 2021

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David answered on Dec 25 2021
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Preference violations. (16 points, 4 points each) Determine whether or not the following sets of
preferences violate any of the axioms of consumer preferences. If yes, name the axiom(s) that is
violated and explain how it is violated.
Picture of problem will be uploaded after.
This utility function demonstrates B and G are substitutes to each other. The indifference curve is
straight line.
It violates the axiom of completeness because the consumer cannot...
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