Question: 3. Recall the second cheapest decision rule. Suppose that the agent picks the second cheapest item in any menu B C X. . Argue by

3. Recall the "second cheapest" decision rule. Suppose that the agent picks the second cheapest item in any menu B C X. . Argue by example that this choice function violates the utility maximization model. . Show that if we can only observe the weak preference generated by this rule, then we will find it to be complete and transitive. Do you see anything strange about this preference

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