In shopping for a new LED television at Best Buy, Davina finds one that she likes and that is in her price range. A warranty offered by Best Buy that would cover the cost of repair or replacement of the television would:

Question

Quizplus · Accepted Answer

The warranty offered by Best Buy would increase Davina's expected utility from consuming the good because it provides her with additional protection and security in case her television needs repair or replacement. This would give her peace of mind and increase her satisfaction with the purchase, thus improving her overall expected utility.

In Shopping for a New LED Television at Best Buy