7 Let x1 = undergraduate grade point average (GPA) of a student applying to State U’s MBA program x2 = GMAT score of the same student Suppose that preference between applicants is based on the following value function:

v(x1, x2) = 200x1 +

x2 - 0.1x2(x1)² a Would the MBA program prefer a student with a 3.8 GPA and a 500 GMAT score to a student with a 3.0 GPA and a 710 GMAT score?

b Does this value function exhibit mutual preferential independence?