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QUESTION 14 Five friends go to a restaurant. They talk about how to divide the check Under which of the following possible arrangements would you expect the group to spend the most? You may assume that acting generosly does not give any them any utility. O a. everyone pays only for what he eats (plus the prorate share of tax and tip) b. they divide the bill in five equal shares Oc. the riches person pays O d. it is impossible to tell

QUESTION 14 Five friends go to a restaurant. They talk about how to divide the check Under which of the following possible arrangements would you expect the group to spend the most? You may assume that acting generosly does not give any them any utility. O a. everyone pays only for what he eats (plus the prorate share of tax and tip) b. they divide the bill in five equal shares Oc. the riches person pays O d. it is impossible to tell

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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QUESTION 14 Five friends go to a restaurant. They talk about how to divide the check Under which of the following possible arrangements would you expect the group to spend the most? You may assume that acting generosly does not give any them any utility. O a. everyone pays only for what he eats (plus the prorate share of tax and tip) b. they divide the bill in five equal shares Oc. the riches person pays O d. it is impossible to tell
Transcribed Image Text:QUESTION 14 Five friends go to a restaurant. They talk about how to divide the check Under which of the following possible arrangements would you expect the group to spend the most? You may assume that acting generosly does not give any them any utility. O a. everyone pays only for what he eats (plus the prorate share of tax and tip) b. they divide the bill in five equal shares Oc. the riches person pays O d. it is impossible to tell
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