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    Microeconomics Study Set 45
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    Exam 7: Utility Maximization
  5. Question
    Someone Who Pays $800 to Fly from One City to Another
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Someone Who Pays $800 to Fly from One City to Another

Question 32

Question 32

True/False

Someone who pays $800 to fly from one city to another instead of paying only $100 for a bus trip between the two cities is making an irrational choice and is thus not maximizing his utility.

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