Alice really likes a pair of pants she saw in a store in the mall. She values the pants at 45 utils based on her willingness to pay $45 for the pants. The price of the pants is only $30. What is the utility that Alice gains by purchasing the pants?
A) 15 utils
B) 30 utils
C) 45 utils
D) 75 utils
Correct Answer:
Verified
Q10: (Figure: Utility Table 0) Using the
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