Joan Is Deciding Where to Spend Her Spring Break

question 100

Multiple Choice

Joan is deciding where to spend her spring break. If she goes to Cancún, Mexico, the trip will give her 9,000 units of utility and will cost her $300. If she travels to Florida instead, the trip will give her 8,000 units of utility and will cost her only $200. Joan will do best going to:

• A) Mexico because her total pleasure will be greater.
• B) Florida because her total cost will be lower.
• C) Mexico because her pleasure per dollar will be greater.
• D) Florida because her pleasure per dollar will be greater.

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Definitions:

Conditions of Certainty

Situations where the outcome or result of a decision is known and predictable.

Most Leaders

Refers to the majority of individuals holding positions of leadership or authority in organizations or groups.

Problem Abatement

The act of reducing the severity, seriousness, or painfulness of a problem.

Generating Alternatives

The process of developing multiple options or solutions to address a problem or seize an opportunity.