Business, 10.03.2020 03:45, brainbean

Martha loves to eat chili, especially an award-winning chili recipe that calls for using 2 tablespoons of chili powder for every 1 pound of ground buffalo. Which of the following utility functions could represent Martha's preferences, where U is a function of tablespoons of chili powder (P) and pounds of ground buffalo (B)?

(A) U=min{2B, P}
(B) U=min{1/2B, P}
(C) U= 2P+B
(D) U=2PB

Answers: 3

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Martha loves to eat chili, especially an award-winning chili recipe that calls for using 2 tablespoo...