Reference no: EM1360439
Review your spending over the last few modules. Now sort these expenses by how much utility, or satisfaction, they have rendered you.
Now consider three individuals: a neighbor, a friend, and your boss.
* Explain how do you think that these individuals would rank the utility of these same expenses for themselves? What reasons may account for the similarities and differences in the ranking of such expenditures by your neighbor, your friend, and your boss?
Create a report in Microsoft Word which includes the above information, discussion, and analysis. Also, include a table that demonstrates the ranking of each of the chosen expenditures as well as their respective utility for you, your neighbor, your friend, and your boss, respectively.
Next, create a chart in MS Excel illustrating the relationship between utility and consumption as discussed in the above example.
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