Business, 11.02.2020 20:44 ged32802p4gf0r
Madeline receives utility of 20 from each slice of pizza, utility of 35 from each soda, and utility of 40 from each slice of cheesecake. a. If she has 2 slices of pizza, 1 soda, and 1 slice of cheesecake, her total utility is -- . Let's call this Option A. b. Suppose Madeline has another option, Option B, that would yield a total utility of 130. Madeline will choose: (multiple choice)i. Option Aii. Option Biii. She is indifferent between the two options. c. The numbers assigned to Madeline's utility: (multiple choice)i. are absolute, not relative. ii. are relative, not absolute. iii. can be compared directly to another person's utility. iii. tell us that Madeline has made the best choice.
Answers: 1
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Madeline receives utility of 20 from each slice of pizza, utility of 35 from each soda, and utility...
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