Pat just spent a thousand dollars on a painful dental procedure.In this case

Question

Quizplus · Accepted Answer

Pat chose to spend a significant amount of money on a dental procedure, indicating that the benefits of having the procedure done outweighed the cost. This suggests that the procedure increased Pat's utility, or overall satisfaction and well-being. Therefore, option C is the correct choice. Option A is incorrect because negative utility implies that resources are being used to decrease overall satisfaction. Option B is not applicable because demand for dental procedures is not relevant to this particular decision by Pat. Option D is incorrect because utility is a central concept in economics and therefore highly relevant to spending decisions.

Pat Just Spent a Thousand Dollars on a Painful Dental