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2022 PEA Q7
A non-transitive preference relation can be represented by a utility function
Reveal answer and solution
Answer
D
Solution
- 1
If represents , then .
- 2
Since on is transitive, the induced preference must also be transitive.
- 3
Hence a non-transitive preference relation cannot be represented by any utility function.
Answer structure / marking notes
Transitivity is necessary (though not sufficient) for utility representation.
Content note
Imported from public/resources/isi/msqe/solutions/pea/2022/ISI_MSQE_PEA_2022_Solutions.tex. Question wording is retained from the available local TeX source; incomplete option blocks or ambiguous source status are flagged for review.
