Answer all the questions. Avoid unnecessary details

Question 1: Explain why the following statements are truer't'alse. Justify your answer with logic and proper explanation= using appropriate model {diagramt'graphfequation} if required. No mark will be given for an answer without an explanation. 3} b} C} d} E} The assumptions of decisivenessu'completeness and consist encyftransitivity are not necessarily required for atheory of rational consumer's choice. A welldefined utility function can be constructed without assuming= :never get enough\". The axioms of non-satiation and convexity imply that more is always better than less andaconsumer always places positive value on more consumption. If hI'IUAa'PA 3* l'\\.*.'[Ul3a"P'l3= the rational consumer will decrease the consumption of A relative to B. 1'When marginal utility is maximum: the total utility will be zero