Question
Revealed preference theory
assumesSolution
Revealed preference, a theory offered by American economist Paul Anthony Samuelson in 1938, states that consumer behaviour, if their income and the item's price are held constant, is the best indicator of their preferences. Revealed preference theory works on the assumption that consumers are rational have strong ordering.
38    40    83    254    ?     5126
Find the wrong number in the given series.
3 1.5 1.5 ? 4.5 11.25
...If 7             16      x    90       171          292
Then, 2x 2 +  1 + x ...
98    219    75    244    ?    273
Find the maximum number of trees which can be planted, 25 meters apart, on the two sides of a straight road 2125 meters long
43 36 50 29 ? 22
...6Â Â Â Â Â Â Â Â Â Â 5Â Â Â Â Â Â Â Â Â Â 40Â Â Â Â Â Â Â Â Â Â Â 32Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 249Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 240
104   106   110   113   ?   126
6 2 8 ? 84 416
...75    196    52    221    ?    250
