Question

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

Answer 1

option C is the answer

Step-by-step 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