StylesParagraphTrigleater is a hungry individual in the Grossman model deciding what to have fordinner is looking at variable options. Trigleater has a special condition called"Eaterblood" where whatever she eats will affect her health almost immediately.The following table reflects the options she is considering and the effect on healthHome Good ZHealth HMealSteak and eggs+9-4-5+18Kale salad and broccoli-18Double cheeseburger deluxe with coke 12A miracle pill "Actosfast" is discovered that halves the negative health impact offood. What would the new choice beIf Trigleater's single period utility function is given by U=5Z+2H and she can onlyselect one item from the table above,what would be her total utility after selecting the optimal mealWillKale saladC B.with broccoliDouble CheeseburgerC C.Deluxe with cokeSteakC A. and eggsC D.not eat

Meal Home Good Z Health H Total benefit (Z+H) Steak and eggs 9 -4 5 Kale salad and broccoli…

Trigleater is a hungry individual in the Grossman model deciding what to have for dinner is looking at variable options. Trigleater has a special condition called "Eaterblood" where whatever she eats will affect her health almost immediately. The following table reflects the options she is considering and the effect on health Meal Home Good Z Health H Steak and eggs +9 -4 Kale salad and broccoli -5 +18 Double cheeseburger deluxe with coke 12 A miracle pill "Actosfast" is discovered that halves the negative health impact of food. What would the new choice be -18 If Trigleater's single period utility function is given by U=5Z+2H and she can only select one item from the table above, what would be her total utility after selecting the optimal meal

Trigleater is a hungry individual in the Grossman model deciding what to have for dinner is looking at variable options. Trigleater has a special condition called "Eaterblood" where whatever she eats will affect her health almost immediately. The following table reflects the options she is considering and the effect on health Meal Home Good Z Health H Steak and eggs +9 -4 Kale salad and broccoli -5 +18 Double cheeseburger deluxe with coke 12 A miracle pill "Actosfast" is discovered that halves the negative health impact of food. What would the new choice be -18 If Trigleater's single period utility function is given by U=5Z+2H and she can only select one item from the table above, what would be her total utility after selecting the optimal meal

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Concept explainers

Form Utility

The term utility in general refers to the satisfaction earned from usage of a particular product or service. Utility always plays an important role because it influences various important elements like demand & thereby the price of the good or service as well. Though utility is not easy to measure, various types of economic models can be used indirectly. There can be various types of utilities like economic utility, marginal utility, cardinal utility, form utility.

Question

Styles
Paragraph
Trigleater is a hungry individual in the Grossman model deciding what to have for
dinner is looking at variable options. Trigleater has a special condition called
"Eaterblood" where whatever she eats will affect her health almost immediately.
The following table reflects the options she is considering and the effect on health
Home Good Z
Health H
Meal
Steak and eggs
+9
-4
-5
+18
Kale salad and broccoli
-18
Double cheeseburger deluxe with coke 12
A miracle pill "Actosfast" is discovered that halves the negative health impact of
food. What would the new choice be
If Trigleater's single period utility function is given by U=5Z+2H and she can only
select one item from the table above,
what would be her total utility after selecting the optimal meal
Will
Kale salad
C B.with broccoli
Double Cheeseburger
C C.Deluxe with coke
Steak
C A. and eggs
C D.not eat

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