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Business, 13.09.2019 01:30 Benthega

Aconsumer has two basic choices: rent a dvd movie for $4.00 and spend 2 hours watching it, or spend $13 for a miniature golf game that takes 1 hour. if the marginal utilities of the movie and the miniature golf game are equal, and the consumer values time at $12 an hour, the rational consumer will most likely: a. rent the movie instead of playing miniature golf. b. play miniature golf instead of renting the movie. c. be indifferent between the movie and the miniature golf game. d. not have enough basis for making a utility-maximizing decision.

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Aconsumer has two basic choices: rent a dvd movie for $4.00 and spend 2 hours watching it, or spend...
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