Andy and April are throwing a Halloween party at their house and start listing off all the things they need to throw a great party. The output is a great party and the inputs are a variety of different items.
See more: complements, inputs, outputs, preferences, production function, utility
Ron and Leslie ponder why people would eat anything other than breakfast. While they understand their own utility functions, they struggle to understand others.
See more: intrinsic value, preference ranking, preferences, subjective value, utility, utility maximization