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1. Utility definitions Larry is having dinner with his girlfriend, Megan. They have already eaten a full meal and are considering whether to order dessert.

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1. Utility definitions Larry is having dinner with his girlfriend, Megan. They have already eaten a full meal and are considering whether to order dessert. Megan says to him: "These desserts are pricey. Is it worth ordering one? I'm already pretty full." Larry replies: "I agree. I'm not sure the W is worth the price.\" Larry's use of the word "utility\" rang a bell for Megan, who had taken an economics class. "It's the law of w ,isn't it?" Larry replies: "That's right! It's not about whether having dessert would give us a negative W utility for the dinnerit's about whether the additional satisfaction we'd get from dessert is worth the additional cost!" (e G0N d ) Save & Continue

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