Consider a version of scenario 2 from the slides about media of exchange. Specifi- cally, there are three people: Alex, Neil, and Geddy. Alex has pickles, hates raisins, and really likes honey. Neil has honey, hates pickles, and really likes raisins. Geddy has raisins, hates honey, but really likes pickles. Their preferences are represented by the following utility functions, where p, h, and r are indicator variables represent- ing the consumption of pickles, honey and raisins. For example, (p, h, r) = (0, 1, 0) denotes the consumption of honey but not pickles or raisins. UAlex(p, h, r) = p 5h 0r UNeil(p, h, r) = 0p h 5r UGeddy(p, h, r) = 5p 0h r