The Subjectivity of Satisfaction and Utility

Dirk and Lee's Pizza Party

Consider Dirk and Lee, who are sharing a pizza. They each eat as much as they want to: Dirk has four slices, while Lee has two. Which of the following statements is true regarding their satisfaction and utility?

Question:

Which of the following statements is true regarding their satisfaction and utility?

Answer:

It is difficult to determine because utility is subjective

Explanation:

Utility and satisfaction is subjective in the sense that each person experiences satisfaction differently and therefore it would be quite difficult to ascertain who has more satisfaction than the other between Dirk and Lee even though both might have enjoyed the pizza.