Multiple Choice
Suppose you are given the following preference information: a: (0, 1, 0: 3000, 2000, 1000) is indifferent to b: (3/4, 0, 1/4: 3000, 2000, 1000) . If U(3000) = 1 and U(1000) = 0, what is U(2000) ?
A) depends on the specific person involved
B) 0.25
C) 0.75
D) 0.50
Correct Answer:
Verified
Correct Answer:
Verified
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