Alice and Bob are each confronted with the choice between: A. Purchasing a set of headphones at the bookstore on campus for $25. OR B. Purchasing an identical set of headphones downtown for $10. If Alice chooses option A, but Bob chooses option B, which of the following must be true if Alice and Bob are both rational?  - Alice and Bob face the same inconvenience associated with going downtown - for Bob, the inconvenience associated with traveling downtown was less than $15 - for Alice, the inconvenience associated with traveling downtown was greater than $10 -  for Bob, the inconvenience associated with traveling downtown was greater than $15

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Alice and Bob are each confronted with the choice between:

A. Purchasing a set of headphones at the bookstore on campus for $25.

OR

B. Purchasing an identical set of headphones downtown for $10.

If Alice chooses option A, but Bob chooses option B, which of the following must be true if Alice and Bob are both rational


- Alice and Bob face the same inconvenience associated with going downtown
- for Bob, the inconvenience associated with traveling downtown was less than $15
- for Alice, the inconvenience associated with traveling downtown was greater than $10
-  for Bob, the inconvenience associated with traveling downtown was greater than $15
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