JNU 2002 doubt

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JNU 2002 doubt

bhavya jain
An individual ranks any two bundles (x,y) & (x',y') in the following manner; if either x>x' or if x=x' & y>y', the individual prefers (x,y) to (x',y'). Given that the individual has an income of rs 100/week & the px=2/unit & py=1/unit, the individual will purchase every week
a) 25 units of x & 50 units of y
b) 100 units of y
c) 50 units of x
d) 45 units of x & 10 units of y
will the answer be c)?
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Re: JNU 2002 doubt

Akshay Jain
The question is of lexicographic preferences....it shud b option c
Akshay Jain
Masters in Economics
Delhi School of Economics
2013-15
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Re: JNU 2002 doubt

Anjali
How to solve such questions akshay ?
"Once you eliminate the impossible, whatever remains, no matter how improbable, must be the truth."