Ning owns an Iphone 5. One day she loses her phone and contemplates a replacement. She considers buying an IPhoneXR for $1200 but eventually decides it's too expensive and buys a used IPhone 5, identical to the one she lost for $100 on Ebay. Pick from the bold answer choices below. Her behavior has revealed her preferences for the IPhone XR. The value of an IPhone XR to Ning is More than, less than, equal to $1200. Her behavior has also revealed her preferences for the IPhone 5. The value of an IPhone 5 to Ning is More than, less than, equal to $100.
Ning owns an Iphone 5. One day she loses her phone and contemplates a replacement. She considers buying an IPhoneXR for $1200 but eventually decides it's too expensive and buys a used IPhone 5, identical to the one she lost for $100 on Ebay.
Pick from the bold answer choices below.
Her behavior has revealed her preferences for the IPhone XR. The value of an IPhone XR to Ning is More than, less than, equal to $1200.
Her behavior has also revealed her preferences for the IPhone 5. The value of an IPhone 5 to Ning is More than, less than, equal to $100.
Before she can buy a replacement phone, Ning's boyfriend offers to buy her a new phone. He is a very nice person and says he will buy any phone she wants. Ning chooses an IPhone XR.
Ning's behavior has revealed that An iphonexr has more value to her than a iPhone 5 or an iPhone 5 has more value to her than a iPhone xr
She has also revealed that the value of IPhone XR to her is less than zero or greater than zero.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
