Most people would prefer to drive a luxury car that has all the options, but more people buy less expensive cars even though they could afford the luxury car because A) car buyers are irrational. B) the

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asked Feb 21, 2021 116k views

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Most people would prefer to drive a luxury car that has all the options, but more people buy less expensive cars even though they could afford the luxury car because A) car buyers are irrational. B) the marginal utility per dollar spent on the less expensive car is higher than that spent on luxury cars. C) luxury cars cost a lot more than non-luxury cars. D) the total utility of less expensive cars is greater than that of luxury cars

Social Studies
high-school

Poncha asked

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Lamin answered Feb 28, 2021

by Lamin

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