Question: 4. In addition to giving you some practice thinking about utility representations, this question will give us a bit more intuition for the idea that

 4. In addition to giving you some practice thinking about utility

4. In addition to giving you some practice thinking about utility representations, this question will give us a bit more intuition for the idea that utility is an "ordinal" concept. It will also show how some of our intuitions about utility might apply when X is finite but not when X is infinite.] Let X be a set, let _ be a preference relation on X, and let u be a utility representation for . (a) Suppose X is finite. Explain why some (large enough) number M > 0 exists such that -M 0 exists such that -M S u(x) 0 exists such that u(x) - u(y) > m for any x > y. (d) Suppose X = Z+, and _ is the preference relation defined in question 1(e). i. Explain why any whole number k 2 3 has u(1) 1 y if x Z1 y but y X1 x; and we say a ~i y if x Z1 y and y Z1 2 2 ii. Explain why no number m > 0 exists such that u(x) - u(y) > m for any * > y

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