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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

Janice decides to go out on a date with Kyle instead of Robert. Do you think Janice is using some kind of rationing device to decide whom she dates? If so, what might that rationing device be?

To determine

The rational device.

Explanation

Assume that, Ms. J does not have time to date with both Mr. K and Mr. R. Thus, the time available for her is scare or limited, so she decides regarding the dating that depends upon some rational device...

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