... rank different choices of spending based on their satisfaction.Secondly, of a student prefers choice A to choice B, and choice B to choice C, this means that he prefers choice A to choice C.Thirdly, ... choice B to choice C, this means that he prefers choice A to choice C.Thirdly, students will choose the choice of expenditure that benefits them most.- 5 -Econometrics Assignment3. THE KEYNESIAN ... or different levels of utility they may provide. Prices of goods have no effects on consumers’ choice in this case. Secondly, preferences are transitive. If a person prefers good A to good B,...