Question: Karen is deciding between two options for her evening activity: going to a movie or having dinner at her favorite restaurant. She chooses to go

Karen is deciding between two options for her evening activity: going to a movie or having dinner at her favorite restaurant. She chooses to go to the movie because she believes it will provide her with greater satisfaction and enjoyment. This scenario best illustrates the application of which economic concept? Question 1 options: Opportunity cost Production possibility curve Elasticity of demand Utility theory

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