(B) Your friend gets more utility from yoga class, as his preference is revealed by his actions.
<h3>
What is utility?</h3>
- The utility is a concept in economics that is used to model worth or value.
- Its application has changed dramatically over time.
- Moral philosophers such as Jeremy Bentham and John Stuart Mill first used the term as a measure of pleasure or happiness as part of their utilitarianism theory.
- Within neoclassical economics, which dominates modern economic theory, the word has been altered and reapplied as a utility function that expresses a single consumer's preference ordering over a choice set but is not comparable across individuals.
- Because this idea of utility is personal and dependent on choice rather than pleasure received, it is more rigorously described than the original concept, but it is less useful (and disputed) for ethical decisions.
Therefore, (B) Your friend gets more utility from yoga class, as his preference is revealed by his actions.
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Complete question:
Your gym offers two classes at the same time: weightlifting and yoga. Both classes are included in your membership, and have slots available for new members. Your friend tells that you he wants to work on his strength and take the weightlifting class, but you always see him in yoga class. Which class gives him more utility, and how would you know?
A. Your friend gets more utility from the weightlifting class, as he verbally states his preference for that class.
B. Your friend gets more utility from yoga class, as his preference is revealed by his actions.
C. Your friend gets more utility from yoga class, as he verbally states his preference for that class.
D. Your friend gets more utility from weightlifting class, as his preference is revealed by his actions.
It was to help out during the war
Answer:
If the price is expected to drop, current demand will fall
Explanation:
Demand is the amount of a product a customer is willing and able to buy at a particular price. When the price of a good is expected to drop in future, consumer tend to purchase less of the good at that time because they will want to keep the money until the prices fall to enable them purchase more of that good.
Best wishes!
The Olmec ball game tradition was adopted by most early Mexican cultures.
Answer:
the answer is d I'm pretty sure
Explanation:
because
