Lexicographic preference is defined as (x4, yA) L (x,yB) if either > B or = xB and yA > yB. (a) What is an indifference curve for Lexicographic >L? (b) Illustrate that Lexicographic preference is not continuous.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter3: Functions And Graphs
Section3.4: Definition Of Function
Problem 15E
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4. Lexicographic preference >, is defined as (æ4, y^) >L (xB,yB) if
either x4 > xB
or x4 = xB and y4 > yB.
(a) What is an indifference curve for Lexicographic >L?
(b) Illustrate that Lexicographic preference >L is not continuous.
Transcribed Image Text:4. Lexicographic preference >, is defined as (æ4, y^) >L (xB,yB) if either x4 > xB or x4 = xB and y4 > yB. (a) What is an indifference curve for Lexicographic >L? (b) Illustrate that Lexicographic preference >L is not continuous.
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