Question: 1. Utility definitions Van is having dinner with his girlfriend, Amy. They have already eaten a full meal and are considering whether to order dessert.

1. Utility definitions Van is having dinner with his girlfriend, Amy. They have already eaten a full meal and are considering whether to order dessert. AMY: These desserts are pricey. Is it worth ordering one? I'm already pretty full. VAN: I agree. I'm not sure the is worth the price. AMY: I had taken an economics class and the word "utility" rings a bell. It's the law of , isn't it? VAN: That's right! It's not about whether having dessert would give us a negative utility for the dinner-it's about whether the additional satisfaction we'd get from dessert is worth the additional cost

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