Kaito has an hour to spend reading at the library. Spending that hour reading a graphic novel would give him a utility of 5, reading a biography would give him a utility of 4, and reading his economics textbook would give him a utility of 9. An economist would predict that Kaito will spend his hour reading:
A)a graphic novel.
B)a biography.
C)his economics textbook.
D)It is impossible to predict how Kaito will spend his time.

Question

Quizplus · Accepted Answer

Economists predict that individuals will make choices to maximize their utility. Since reading his economics textbook gives Kaito the highest utility (9), an economist would predict that he will choose to spend his hour reading it.

Kaito Has an Hour to Spend Reading at the Library