Question: Hi, not really too sure. At prices (phpg) = (4, 2), Ivan buys the bundle (331, 1:2) = (8, 20). At prices ($31,193), he buys

Hi, not really too sure.

Hi, not really too sure. At prices (phpg) = (4, 2), Ivan

At prices (phpg) = (4, 2), Ivan buys the bundle (331, 1:2) = (8, 20). At prices ($31,193), he buys the bundle (1:1, $5) = (10,13). (1) For what values of (301, pg) do Ivan's choices satisfy the WARP? Suppose that (131, p3) = (2,4). Also suppose that at a third set of prices (pf, pg), he buys the bundle (mimg) = (14,11). (2) For what values of p? and p3 do Ivan's choices satisfy the WARP? (3) Show that at prices satisfying your answer in (2), the SARP is also satised

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