Suppose that Austin reports getting 15 utils from watching an episode of MythBusters. Erin reports getting 5 utils from watching the same episode. Which statement is true?

Choose one:

A. Austin enjoyed watching the episode of MythBusters three times as much as Erin.

B. Erin liked the episode more than Austin.

C. We can't be sure who liked watching the episode of MythBusters more.

D. Austin likes the episode more than Erin does, but we can't be sure how much more.

Question

Business

Summer Combs

11 May, 04:42

Suppose that Austin reports getting 15 utils from watching an episode of MythBusters. Erin reports getting 5 utils from watching the same episode. Which statement is true?

Choose one:

A. Austin enjoyed watching the episode of MythBusters three times as much as Erin.

B. Erin liked the episode more than Austin.

C. We can't be sure who liked watching the episode of MythBusters more.

D. Austin likes the episode more than Erin does, but we can't be sure how much more.

+4

Answers (1)

Know the Answer?

Noel Cline · Answer 1

Answer:A. Austin enjoyed watching the episode of Mythbusters three times as much as Erin.

Explanation:

Util is an economic theory derived by cardinalist school of thought, which says utilities is a measurable value and it's measure in utils. Utility refers to the satisfaction derived from the consumption of a good or service.

The cardinalist theory makes it possible to calculate the satisfaction derived by individuals from consumption of goods and services and it can be greater than one another.

From the results above since Austin utils is 15 and Erin utils is 5 it shows that Austin enjoys the film three times as much as Erin.