Question

If Jane is currently willing to trade 4 movie tickets for 1 basketball ticket, then she must like basketball better than movies. True or false? Explain.

Solution

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Answered 6 months ago
Answered 6 months ago
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This statement is not necessarily true\textbf{not necessarily true}.

If Jane is always willing to trade 4 movie tickets for 1 basketball ticket that will mean for sure that she likes basketball more than movies since she would always receive the same satisfaction from 4 movie tickets as she would from 1 basketball ticket.

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