Question: 2. Now consider Ms. j, who holds preferences: xly, xPz, xPw, yPz, yPw, wIz. (a) Identify all five possible subsets of these outcomes that contain

 2. Now consider Ms. j, who holds preferences: xly, xPz, xPw,

yPz, yPw, wIz. (a) Identify all five possible subsets of these outcomes

2. Now consider Ms. j, who holds preferences: xly, xPz, xPw, yPz, yPw, wIz. (a) Identify all five possible subsets of these outcomes that contain three or more outcomes. (b) In which of these subsets can Ms. j identify her most preferred outcome? (c) Do any of these subsets contain a preference intransitvity among all outcomes in the subset? (d) What do questions 1 and 2 indicate about the relationship between transitive preferences and maximizing behavior

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