Janine would be willing to pay $50 to see Les Misérables, but she buys a ticket for only $30. Janine values the performance at

Name: Janine would be willing to pay $50 to see Les Misérables, but she buys a ticket for only $30. Janine values the performance at
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Question

Quizplus · Accepted Answer

Janine values the performance at $50, which is more than what she paid for the ticket ($30). Therefore, she clearly perceives the performance to be worth more than what she paid for it.

Janine Would Be Willing to Pay $50 to See Les