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14 May, 14:55

Leonid consumes bundles of food and transportation. His utility from bundle (10,10) has a value of 4. If for Leonid more is better, then among the following options, which can be the value of utility of bundle (20,20) ?

a. 3

b. 2

c. 1000

d. 1

e. 0

+4
Answers (1)
  1. 14 May, 17:21
    0
    option C is the answer

    Explanation:

    From the question we are told that the bundle (10,10) gives the utility that is = 4

    And also for Leonid more is better (i. e more bundle of food and transportation consumed the more his utility) then we can infer that the utility for the bundle (20,20) would be greater than 4

    And looking at the option the only value greater than 4 is 1000 hence option c is the answer
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