Questions
Questions

ECON3200001.1251 Homework Assignment 1

Single choice

By assumption, individual preferences must be transitive so that if A is preferred to B, and B is preferred to C, then A is preferred to C. Suppose that Marsha, Jan, and Cindy individually have transitive preferences over three goods: oranges, apples, and pears. If Marsha, Jan, and Cindy were to vote on whether to name oranges, apples, or pears the “fruit of the month,”  Are the preferences for the group necessarily transitive?

Options
A.Yes
B.No
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Step-by-Step Analysis
The question asks whether a group’s collective preferences must be transitive given that each individual (Marsha, Jan, and Cindy) has transitive preferences over three goods (oranges, apples, pears) and the group votes on which fruit is the ‘fruit of the month.’ Option 1: Yes. This would claim that collective preferences under a voting rule preserve transitivity automatically. However, this is not guaranteed. Even if all individuals’ prefe......Login to view full explanation

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