Laurel's utility is influenced by reciprocity. She is likely to respond to a surprisingly generous birthday gift

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Laurel's utility is influenced by reciprocity. She is likely to respond to a surprisingly generous birthday gift from her best friend in what way?
a. Not giving her friend a birthday gift at all.
b. Giving her friend the birthday gift she had originally planned to give.
c. Giving her friend a more thoughtful or more generous gift that she had originally planned to give.
d. Returning the birthday gift she received.

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Microeconomics

ISBN: 9781260521078

3rd Edition

Authors: Dean S. Karlan, Jonathan J. Morduch

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