(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.
Know more about utility here:
brainly.com/question/24719924
#SPJ4
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.
Industrialization in the US made Americans consumers as hey would rely more and more on what was produced from this new method. Businesses grew, which helped the spread of industrialization to start. The opportunities to select and purchase from a larger variety of goods, would lead to the economic development of the country. The businesses, country, and citizens were in some ways consumers to industrialization in the late 19th century.
The third great source of laws in the united states today is created by elected legislative bodies at the local, state, and federal levels and is known as Statutory law.
<h3>
What is legislature?</h3>
A legislature is an assembly with the power to enact laws on behalf of a political unit, such a nation or city. They are frequently compared to the legislative and judicial branches of the government. Primary legislation generally refers to laws passed by legislatures. Legislative bodies also have the power to oversee and direct governmental operations and change the budgets associated with them. Legislators are those who sit in a legislature. In democracies, lawmakers are most frequently chosen by the general public, however indirect elections and appointments by the administration are occasionally employed, especially in bicameral legislatures with an upper house.
To know more about legislature, visit;
brainly.com/question/530410
#SPJ4
