Multiple Choice
Billy is deciding whether to watch TV at home or go spend time with his friends.If Billy decides to stay home,we can conclude that:
A) Billy is a homebody and never goes out.
B) Billy will get more utility from watching TV than spending time with his friends.
C) Billy will regret not spending more time with his friends.
D) Billy's revealed preference is to always be alone.
Correct Answer:
Verified
Correct Answer:
Verified
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