A consumer has two basic choices: rent a DVD movie for $4.00 and spend 2 hours watching it, or spend $13 for a miniature golf ga
me that takes 1 hour. If the marginal utilities of the movie and the miniature golf game are equal, and the consumer values time at $12 an hour, the rational consumer will most likely
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The first step is to eliminate other possibilities, such as an error from the computer distributor.
Since many individuals purchase their items, they can generate enough revenue to remain profitable, even while offering lower prices.
Answer:
just think.....all that’s needed is a little thought XD
but genuinely, the answer is to assess your options
