Question: Now suppose Benjamin s utility function is given by UB
Now, suppose Benjamin’s utility function is given by UB = MB2 in Problem 2. And suppose Abdul signs a contract saying that he will donate 20 to a cause he opposes in the event that he receives less than 90 percent of any money he earns jointly with Benjamin. Will Benjamin accept a take-it-or-leave-it offers of 1 unit from Abdul?
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