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.

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Madeline receives utility of 20 from each slice of pizza, utility of 35 from each soda, and utility...