A) Yes Bill would give up 12 utils from cola and game 14 from the second bottle of wine. B) Yes since Bill obviously prefers wine to cola C) no Bill would give up 12 utils of total utility in cola and only gain two utils of more total utility than he already has. D) no John is taking advantage of Bill by asking for two liters for one bottle

John has 2 bottles of wine and 2 liters of cola. His friend Bill has 1 bottle of wine and 2 liters of cola. Information about their preferences and rankings are given below in the form of utility (happiness measured in "utils") data: John's Utility (Happiness) Function Wine Cola Wine and Cola Bottles Total Marginal Liters of Total Marginal Total Utility of Wine Utility of Utility of Cola Utility of Utility of from John's Wine Wine Cola Cola Starting Stash of Wine and Cola 0 0 TU of 2 Wine 20 30 and 2 Cola = 2 3.8 2 25 3 53 3 20 15 4 63 4 Bill's Utility ( Happiness) Function Wine Cola Wine and Cola Bottles Total Marginal | Liters of Total Marginal Total Utility of Wine Utility of Utility of Cola Utility of | Utility of from Bill's Wine Wine Cola Cola Starting Stash of Wine and Cola O TU of 1 Wine 15 and 2 Cola- 20 2 Suppose that John insists on both of Bill's liters of cola in exchange for a bottle of his (John's) wine. Would Bill be better off to accept this deal rather than none at all? If so, why? If not. why not