Question

1. Draw an appropriate preference diagram for each of the following scenarios: a. While intermediate amounts of anesthetic are increasingly effective at reducing pain, very small amounts have no effect and very large doses are superfluous. b. When learning to play an instrument, lessons are burdensome at first, but eventually they become enjoyable. c. I would rather have all or nothing, than anything in between. d. I dislike cleaning. (Consider the "resource" to be time or amount of cleaning.) e. While I dislike cleaning, I would be willing to do some so you don't have to do t al

Answer 1

ate is Tele (b) ↑ e) ameunt