Isaiah received a gift certificate that covers three salsa dance lessons. After the first lesson, Isaiah decided

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Isaiah received a gift certificate that covers three salsa dance lessons. After the first lesson, Isaiah decided that he doesn’t like salsa, yet he still plans to go the next lesson because it doesn’t cost him anything. Evaluate Isaiah’s logic.

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Microeconomics

ISBN: 9781260521078

3rd Edition

Authors: Dean S. Karlan, Jonathan J. Morduch

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