Refer to the scenario above. If both individuals are offered movie tickets worth 40 utils today instead of the gift voucher, then which of the following statements is true?
A) Both Susan and Jim will prefer to retain the gift voucher.
B) Both Susan and Jim will prefer the movie tickets over the gift voucher.
C) Susan will prefer the gift voucher, while Jim will prefer the movie ticket.
D) Jim will prefer the gift voucher, while Susan will prefer the movie ticket.
Question 2
The above figures show the market for gasoline. Which figure(s) shows the effect of a decision by the OPEC countries in the Middle East to export less oil to the rest of the world?
A) Figure B
B) Figure C
C) Figure D
D) Figures B and C
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Throughout history, technology has had an impact on families. Today is no exception.
The apples of today are larger and sweeter than their ancestors, thanks to hundreds of years
Keep this in mind when booking the tickets.
Movie Inside Out
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...