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Jose needs to book a flight between Kansas City and Miami and has a choice between flying in first class or economy. A first class
Jose needs to book a flight between Kansas City and Miami and has a choice between flying in first class or economy. A first class ticket costs $ and an economy ticket costs $
The first class ticket generates $ value of utility and the economy ticket generates $ value of utility.
What is the Marginal Utility per Dollar for a first class ticket:
What is the Marginal Utility per Dollar for an economy ticket?
Will Jose be better off booking a first class or an economy ticket?
OFirst Class
OEconomy
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