Utility functions

by | Aug 25, 2021 | Assignment

Three friends (Patrick, Jeff, and Steve) are at a bar, discussing their preferences for burgers and pizza. The following are their utility functions, where ‘b’ stands for burger consumption and ‘z’ stands for pizza consumption.:PROBLEM IN FILEPatrick claims their preferences for burger and pizza are all different; Jeff states that they are actually the same preferences, and Steve claims that two of them have the same preference¬†and one of them has different preferences than the rest. Who is right? You points depend on your justification, not just your final answer.

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