2:: 3:41 10$ 18% 3! '5' n 83%C} i inst-fs-iad-prod.inscloudgate.net 1/1 1. Iliana's preferences over mugs, m, and money, 10, can be represented by the
2:: 3:41 10$ 18% 3! '5' n 83%C} i inst-fs-iad-prod.inscloudgate.net 1/1 1. Iliana's preferences over mugs, m, and money, 10, can be represented by the utility function: u(m, w) = 6m + w + 6/.L(m rm) + ,u(w rw) where rm is her mug reference point, rw is her money reference point, and z, iszO M(Z)={ 2z ifz
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