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A consumer has four consumption bundles available to them, labeled W, X, Y, and Z. the consumer has the following preferences

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Answer #1

A consumer has four consumption bundles available to them, these are W, X, Y, and Z. The preference of the consumer is such that “W > X” and “X > Y” implied “W > Y”. We have also given “Y is indifferent to Z”, and “W > Y” implied “W > Z”.

So, the correct option is “B” that is “W > Z”.

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