Question
Jessica's utility function assigns a value of U = 6 to some bundle A, and a value of U = 8 to another bundle B.
Jessica's utility function assigns a value of U = 6 to some bundle A, and a value of U = 8 to another bundle B. Which of the following utility functions represent the same preferences: assigned utility values are ....
- 3 for A and 4for B
- 10 or A and 10 for B
- -4for A and -6 for B
- -6for A and -4 for B
pls explain why
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Slavery And American Economic Development
Authors: Gavin Wright
1st Edition
0807152285, 9780807152287
