Multiple Choice
After browsing several pairs of shoes,Bob buys a pair of Nike running shoes.Economists would say that:
A) Bob is revealing his strong distaste for New Balance running shoes.
B) Bob is revealing he will always choose Nike over any other shoe brand.
C) Bob will get more utility per dollar from the Nike running shoes than any other in the store.
D) Bob made a poor choice, if he really prefers Adidas.
Correct Answer:
Verified
Correct Answer:
Verified
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