Multiple Choice
Lucy gets a bad haircut and afterwards is heard to say, "This haircut was a waste of money." Which of the following is an accurate restatement of Lucy's comment?
A) "I derived no marginal utility from the haircut."
B) "There is no opportunity cost associated with the money I spent on the haircut."
C) "The marginal utility I derived from the haircut is less than I thought it would be."
D) "The hair stylist should be fired."
Correct Answer:
Verified
Correct Answer:
Verified
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