Eating a Steak Gives Jim Satisfaction Equal to 55 Utils

question 109

Multiple Choice

Eating a steak gives Jim satisfaction equal to 55 utils, whereas eating hamburger gives him a satisfaction of 25 utils. Jim should:

• A) always choose to eat steak over hamburger.
• B) always choose to eat hamburger over steak.
• C) eat steak only if it is cheaper than hamburger.
• D) eat hamburger only if he has recently eaten steak.
• E) eat hamburger only if it is cheaper than steak.

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Definitions:

Irrevocable

Incapable of being retracted, revoked, or undone; permanent.

Consistent Additional Terms

Supplemental terms in a contract or agreement that are in harmony with the original stipulations without causing contradictions or conflicts.

Sales Contract

A legally binding agreement between buyer and seller detailing the terms and conditions of a sale of goods or services.

Acceptance

The act of agreeing to the terms of an offer, contract, or proposal, creating a binding agreement.