1. A professor once threw out an an awkward worded exam question and instead gave everyone the point. One of the students got mad and stated he should not be penalized because he got the question correct. "It's not fair to give everyone a free point". Using the concepts from the chapter, is this student correct? Hint: Your answer should include the term "utility".

2. Is it unfair if your boss randomly gives half the workers a 3% raise and the others 4% raise? Hint: Your answer should include the term "utility"

3. If a family member receives $100 to split with you, but they give you $20 and keep $80 is it rational to be happy? Would you think this was fair?