Question

1. Consider the following information about Rafael’s preferences. Do they conform to the assumptions we have made about consumer preferences? Explain why or why not.
   1. Rafael likes watching the Iron Pigs play, and prefers to go to a game every week compared to going just once a month.
   2. Rafael likes soccer more than football, football more than hockey, and hockey more than soccer.
   3. Rafael prefers broccoli to peas, but cannot decide how he feels about carrots.

Answer 1