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Juan and Lauren have decided to stop studying economics and get a bite to eat. Juan wants to go for ...

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Juan and Lauren have decided to stop studying economics and get a bite to eat. Juan wants to go for ...

Juan and Lauren have decided to stop studying economics and get a bite to eat. Juan wants to go for a pizza and Lauren wants a hot dog They decide to go for pizza. What can we conclude from this?
A) Juan always gets more utility from pizza than Lauren does.
B) Lauren gets less utility from pizza than she could from a hot dog.
C) Lauren will get negative utility from the pizza.
D) Utility analysis does not work here since Lauren did not eat a hot dog.

Textbook

Economics Today: The Micro View

Edition: 19^th

Author: Miller

Read 72 times

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