Re: JNU 2006-2002 Doubts

Posted by The Villain on May 07, 2014; 11:23am
URL: http://discussion-forum.276.s1.nabble.com/JNU-2006-2002-Doubts-tp7588757p7588804.html

@ Anjali
q14...these are lexicographic preferances.These are preferances in which an individual prefers an amount of good x to any amount of good y.No matter hw much y he gets,he still prefers x.For eg if indiidual lexicographically prefers x to y and  bundles are (2,1) and (4,6) , an individual will prfer the 2 nd bundle to 1st.