True or false? **EXPLAIN**
(i)If X is at least as good as Y and Y is at least as good as Z, then X is strictly preferred to Z.
(ii)For three commodity bundles X, Y and Z if X is at least as good as Y, Y is at least as good as X, and X is strictly preferred to Z, then , then Y is strictly preferred to Z.
(iii)We know the value of two of Jill’s indifference curves, U1 and U2. U1 = 5 and U2 = 7. These two indifference curves must cross
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