James can afford to buy one of three cars: the Aleph, the Beth or the Gimel. He rates them on three criteria. On looks he rates the Aleph best, the Beth second best and the Gimel the worst. On road handling he rates the Beth the best, the Gimel second best and the Aleph worst. Finally, on safety he rates the Gimel the best, the Aleph second best and the Beth worst. He decides that he weakly prefers one car (say A) to another (say B) if and only if he prefers A to B on at least as many of these three criteria as he prefers B to A. He strongly prefers A to B if he weakly prefers A to B and doesn't weakly prefer B to A. Are the following statements true or false? Briefly justify your answers. (a) (b) James strongly prefers Aleph to Beth. James weakly prefers Gimel to Beth. James weakly prefers Gimel to Aleph.

James can afford to buy one of three cars: the Aleph, the Beth or the Gimel. He rates them on three criteria. On looks he rates the Aleph best, the Beth second best and the Gimel the worst. On road handling he rates the Beth the best, the Gimel second best and the Aleph worst. Finally, on safety he rates the Gimel the best, the Aleph second best and the Beth worst. He decides that he weakly prefers one car (say A) to another (say B) if and only if he prefers A to B on at least as many of these three criteria as he prefers B to A. He strongly prefers A to B if he weakly prefers A to B and doesn't weakly prefer B to A. Are the following statements true or false? Briefly justify your answers. (a) (b) James strongly prefers Aleph to Beth. James weakly prefers Gimel to Beth. James weakly prefers Gimel to Aleph.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

2. A person considers the following four criteria for buying a car. The pairwise comparison matrix of these criteria is as shown in the table below. With the AHP method, get the weight of the criteria. Safety Comfort accessories Price Safety Comfort accessories 1 1 1 2 2 1 1 1 3 2 3 1 1 2 Price 2 2 2 1
1. Identify the curve that represents the regular gasoline vehicle and hence determine the range of annual mileage for which it is the most economical of the three vehicle types. A. between 37,000 and 49,000 B. more than 49,000 C. less than 37,000 D. more than 37,000 E. less than 25,000 F. between 25,000 and 37,000 G. between 25,000 and 49,000 2. Identify the curve that represents the hybrid vehicle and hence determine the range of annual mileage for which it is the most economical of the three vehicle types. A. between 25,000 and 49,000 B. between 37,000 and 49,000 C. between 25,000 and 37,000 D. less than 37,000 E. more than 37,000 F. more than 49,000 G. less than 25,000
Answer both. Otherwise Dounvote
1. need help with this
12. Do it asap!
hey i was doing my homework and i couldnt figure out this one. please help
Hi! Could someone help me with this? Thank you!!!!!
1. Jack is considering selling his elliptical machine, which he never really used, is high quality, and has been taking up space in his spare bedroom. He lists it on Facebook Marketplace for "$1,200 or best offer" but in reality won't sell it for less than $1,000. Lina is looking to purchase a used elliptical machine. For a high-quality elliptical, she is willing to pay up to $1,300, and for a low-quality elliptical, she is willing to pay $600. Lina is risk neutral but she cannot tell if the elliptical machine is high quality or low quality. If she believes that 60% of used elliptical machines are high quality and 40% are low quality, what is the maximum price that Lina would be willing to pay? Would Jack agree to this price?
2.Answer the question.
hey i was doing my homework and i couldnt figure out the last question
/16 I tried this but failed can smoneone explain to me
20. which one is correct