Smith likes cashews better than almonds and likes almond, Business Economics

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Smith likes cashews better than almonds and likes almond

Smith likes cashews better than almonds and likes almond better than walnuts. He likes pecans equally as macadamia nuts and prefers macadamia nuts to almonds. Assuming his preferences are transitive, which doe he prefer: (explain your answer)

a) Pecans or walnuts?

b) Macadamia nuts or cashews?

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Business Economics: Smith likes cashews better than almonds and likes almond

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Business Economics: Smith likes cashews better than almonds and likes almond

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