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individual is then offered a take-it-or-leave-it (TIOLI) cash grant of I'1 - Vo. Which of the following statements is correct? C UC Up Va V1

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individual is then offered a take-it-or-leave-it (TIOLI) cash grant of I'1 - Vo. Which of the following statements is correct? C UC Up Va V1 Vo T a. This individual will not accept the TIOLI offer, and will maximize utility on indifference curve U b. This individual will accept the TIOLI offer, and will maximize utility on indifference curve U. c. This individual will not accept the TIOLI offer, and will maximize utility on indifference curve U, d. This individual will accept the TIOLI offer, and will maximize utility on indifference curve U. e. This individual will not accept the TIOLI offer, and will maximize utility on indifference curve U

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