you are trying to decide between two vacation options for the summer. the first option is a cruise through the caribbean sea that you have determined would provide you with 98,000 utils of satisfaction and will cost $2,800. the second option is a beach vacation in the florida keys that you have determined would provide you with 74,000 utils of satisfaction and will cost $1,850. assuming both options are affordable, you would choose to take vacation.

Respuesta :

The cruise through the Caribbean Sea would provide more satisfaction (98,000 utils) than the beach vacation in the Florida Keys (74,000 utils). Since both options are affordable, the cruise would be the better choice because it would provide more satisfaction at a slightly higher cost.

In terms of cost-benefit analysis, the cruise is the much better option for the summer vacation. The cost-benefit analysis compares the expected utility of the two options and how much each option costs. The cruise provides 24,000 more utils of satisfaction than the beach vacation, and is only $950 more expensive. Considering the significant increase in satisfaction, the cruise is clearly the better option.

The cruise option is also more appealing because it offers a variety of experiences that may not be available on a beach vacation. On a cruise, one can experience different countries, cultures, and activities. This variety provides a much richer experience than a beach vacation, which often offers limited activities and experiences.

Ultimately, the cruise option is clearly the better

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