Question: Problem 2. Answer the following questions. a. Show that the lexicographic preference 21 on R, that we learned in our first lecture, is complete. b.

Problem 2. Answer the following questions. a. Show that the lexicographic
preference 21 on R, that we learned in our first lecture, is

Problem 2. Answer the following questions. a. Show that the lexicographic preference 21 on R, that we learned in our first lecture, is complete. b. For a consumer with the lexicographic preference 21, find her ( Marshal- lian/Walrasian) demand x( p1, p2, w), which satisfies: I( P1, P2, W) 21 X for all r E B(p1, P2, w)

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