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If You Purchase a Gift Worth $25 for Your Sister

Question 135

Multiple Choice

If you purchase a gift worth $25 for your sister, but your sister would be willing to pay only $10 if she bought the item for herself, then the


A) total utility of the gift is $35.
B) total utility of the gift is $15.
C) marginal utility of the gift is $15.
D) loss of value in the gift is $15.

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