Mike finds a Coke machine in an abandoned part of town and is extremely thirsty.
ID: 1189060 • Letter: M
Question
Mike finds a Coke machine in an abandoned part of town and is extremely thirsty. The Coke machine requires exact change - two quarters and a dime. No other combination of coins will make anything come out of the machine. No stores are open where he can make change. Mike will buy as many soft drinks as he can with whatever change he has; the more soda he can buy, the better, Find a utility function that would describe Mike's preferences for quarters and dimes. Please show the work to get to the answer
Explanation / Answer
Utility = Min(2X,Y)
X = quarters
Y= Dimes