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  #1  
Old 01-29-2007, 10:56 PM
LegendofLink LegendofLink is offline
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Default MicroEconomics Question (actually basic logic question)

MicroEconmics questions troubling me:

first one; Camille likes Wes better than Giorgio, likes Giorgio and Gustavo equally well, likes Scott and Wes equally well and prefers Scott over Hendrik. Which position does Hendrik take in her heart?

the options are:
a. 2nd or lower
b. 3rd or lower
c. 3rd or 5h
d. 4th

my initial thought is that it's 3rd or lower, the 3rd or 5th option seems tempting, but if you think of it that way then it would have to be 3rd or 6th as one option or 2nd or 4th as the option. if scott and wes are equal as well as G and G, then i don't see how 3rd or 5th can the right answer.

i'm probably overthinking this a ton, but i just wanted other's input
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  #2  
Old 01-29-2007, 11:20 PM
Dan. Dan. is offline
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Default Re: MicroEconomics Question (actually basic logic question)

Wes > Giorgio; Giorgio = Gustavo; Scott = Wes; Scott > Hendrik.

Work from that. It's really not hard.
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  #3  
Old 01-29-2007, 11:22 PM
XxGodJrxX XxGodJrxX is offline
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Default Re: MicroEconomics Question (actually basic logic question)

The answer is 3rd or 5th.
Here is the diagram I drew

W====S

G==G H

It cannot be 1st or 2nd, since they are both above H; they must be W and S. It could be third. It CANNOT be fourth, because both G's are liked equally, which means that one of the G's has to be number 4.
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  #4  
Old 01-29-2007, 11:40 PM
LegendofLink LegendofLink is offline
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Default Re: MicroEconomics Question (actually basic logic question)

ok, when i first started doing the problem, i was making a mistake in my thinking and never allowed myself to get away from this so i was just confusing myself/going in circles....yea i just re-examined it and realized that it has to be c and is trivially easy, i should have just written the names out or something.
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  #5  
Old 01-30-2007, 01:29 AM
T50_Omaha8 T50_Omaha8 is offline
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Default Re: MicroEconomics Question (actually basic logic question)

Hendrik could equal G&G, no?

Still that doesn't make him fourth under any circumstance (just a three way tie for third) I guess.
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  #6  
Old 01-30-2007, 02:41 AM
Dazarath Dazarath is offline
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Default Re: MicroEconomics Question (actually basic logic question)

I think the answer depends on how the numbering works. For example, if you had 122x, is x 3 or 4? If you had 12x2, with x = 2, is x 2? Or can it be 3/4?
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  #7  
Old 01-30-2007, 04:03 AM
bluef0x bluef0x is offline
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Default Re: MicroEconomics Question (actually basic logic question)

[ QUOTE ]
I think the answer depends on how the numbering works. For example, if you had 122x, is x 3 or 4? If you had 12x2, with x = 2, is x 2? Or can it be 3/4?

[/ QUOTE ]

Took me a while to understand (thought you were talking about a math problem or something), but in most cases the numbering is 1-22-4. If the teacher really thinks otherwise, you have a valid argument and should take a dump on his desk.
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  #8  
Old 01-30-2007, 06:44 PM
john kane john kane is offline
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Default Re: MicroEconomics Question (actually basic logic question)

use the Ramsey Model, or even the Solow model.
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