Max Prefers Who Hash To Eggs Sausage And Spam Eggs Sausage And Spam To Green Eggs An 3622058

Max prefers Who-Hash to eggs, sausage and Spam eggs, sausage and Spam to green eggs and ham green eggs and ham to linguine and clams linguine and clams to Who-Hash. (a) What basic assumption about consumer preferences does this violate? (b) Cindy-Lou tries to convince Max that he is irrational, but he insists that in each two-meal comparison above, the value of his more-preferred meal is at least $1 more than the value of his less-preferred meal. Advise Cindy-Lou on how she might make money by taking advantage of Max’s preferences.

Prof. Angela

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