At a ball game we can observe people eating hot dogs, chips, and burgers. If all are priced the same and we observe Michelle eating a hot dog and David eating a hamburger, we can conclude that

Question

Quizplus · Accepted Answer

We know that Michelle is eating a hot dog and David is eating a hamburger, but we cannot conclude anything about what Robert is eating. Option B is not necessarily true, as they may have different preferences or simply chose to eat different things that day. Option C is also not necessarily true, as they may derive different amounts of utility from different foods. Option D is the best choice because it is possible that Michelle and David both had the option to choose any of the three foods, but they each chose the one that provided the most utility to them at that particular time.

At a Ball Game We Can Observe People Eating Hot