Billy is deciding whether to watch TV at home or go spend time with his friends. If Billy decides to stay home, it can be concluded that _____   Question 38 options: a Billy never prefers spending time with his friends to watching TV b Billy expected to get more utility from watching TV than spending time with his friends. c Billy expected to get more utility from spending time with his friends than watching TV. d Billy always prefers watching TV to spending time with his friends.

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter3: Preferences And Utility
Section: Chapter Questions
Problem 3.7P
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Billy is deciding whether to watch TV at home or go spend time with his friends. If Billy decides to stay home, it can be concluded that _____
 

Question 38 options:

a
Billy never prefers spending time with his friends to watching TV
b
Billy expected to get more utility from watching TV than spending time with his friends.
c
Billy expected to get more utility from spending time with his friends than watching TV.
d
Billy always prefers watching TV to spending time with his friends.
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