Billy is deciding whether to watch TV at home or go spend time with his friends.If Billy decides to stay home,we can conclude that:
A) Billy is a homebody and never goes out.
B) Billy will get more utility from watching TV than spending time with his friends.
C) Billy will regret not spending more time with his friends.
D) Billy's revealed preference is to always be alone.

Question

Quizplus · Accepted Answer

If Billy decides to stay home, it implies that watching TV provides more utility to him than spending time with his friends. This is indicated by his decision to choose staying at home instead of going out with friends.

Billy Is Deciding Whether to Watch TV at Home or Go