idividual utility function. For each of the following expressions, what is the a

Question

idividual utility function. For each of the following expressions, what is the assumption being made about the individual utility function? (please only write one or two sentences for each and where possible illustrate your answer with a graph). A) I can't believe it's not butter! (i.E. Margarine is just as good as butter). B) everythig is better with sunshine. C) pringles: "once you pop, you just can't stop. D)the rolling stones: i)" i can not get no sastisfactio." ii)" you can not always get what you want." E) the beetles: " money can not buy love."

Explanation / Answer

1) He is comparing margarine with butter 2)it's just a general statement as sunshine cant be compared with everything 3)

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