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Question
Freda and Stefano are presented with two dessert options: ice cream or cookies. Freda values ice cream at 5 utils and cookies at 10 utils. For Stefano, its 10 and 5, respectively. What can we assume with certainty?
a. Stefano prefers cookies over ice cream.
b. Freda prefers ice cream of over cookies.
c. Fredas preference for ice cream is equal in magnitude to Stefanos preference for cookies.
d. Fredas preference for cookies is equal in magnitude to Stefanos preference for ice cream.
e. Freda prefers cookies, and Stefano prefers ice cream.
Answer
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