1. When eating out, Rory prefers spaghetti over a hamburger. Last night, she had a choice of spaghetti or macaroni and cheese and decided on the spaghetti again. The night before, Rory had a choice of spaghetti, pizza, or a hamburger, and this time she had pizza. Then, today, she chose macaroni and cheese over a hamburger. Does her selection today indicate that Rory's choices are consistent with economic rationality? Why or why not?
1. When eating out, Rory prefers spaghetti over a hamburger. Last night, she had a choice of spaghetti or macaroni and cheese and decided on the spaghetti again. The night before, Rory had a choice of spaghetti, pizza, or a hamburger, and this time she had pizza. Then, today, she chose macaroni and cheese over a hamburger. Does her selection today indicate that Rory's choices are consistent with economic rationality? Why or why not?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Question
![1. When eating out, Rory prefers spaghetti over a hamburger. Last night, she had a choice of
spaghetti or macaroni and cheese and decided on the spaghetti again. The night before,
Rory had a choice of spaghetti, pizza, or a hamburger, and this time she had pizza. Then,
today, she chose macaroni and cheese over a hamburger. Does her selection today indicate
that Rory's choices are consistent with economic rationality? Why or why not?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb1832e44-9217-48e1-beaf-3bc067a0a939%2F84e39f40-82a2-4d99-bb45-22d23c3619ae%2Fcs3v0c_processed.png&w=3840&q=75)
Transcribed Image Text:1. When eating out, Rory prefers spaghetti over a hamburger. Last night, she had a choice of
spaghetti or macaroni and cheese and decided on the spaghetti again. The night before,
Rory had a choice of spaghetti, pizza, or a hamburger, and this time she had pizza. Then,
today, she chose macaroni and cheese over a hamburger. Does her selection today indicate
that Rory's choices are consistent with economic rationality? Why or why not?
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