1. Consider a utility maximizer with complete, transitive, and monotonic preferences. Sup- pose you have data on the pairs of choices made by the consumer at different times. The bundles comprising...

Extracted text: 1. Consider a utility maximizer with complete, transitive, and monotonic preferences. Sup- pose you have data on the pairs of choices made by the consumer at different times. The bundles comprising these pairs of choices are y = (x1, x2) and z = (21, 22). For each of the scenarios given below, make use of the axiomatic properties of the preferences to say whether y is >, <, 3,="" e,="" or="" incomparable="" t="" z.="" (a)="" y="(2,4)" and="" z="(1," 4)="" (b)="" y="(0,4)" and="" w="" 3="" z,="" where="" w="(3," 6)="" (c)="" y="(2,4)" and="" z="(6,">