Question: Think back to two purchases that you made recently. One purchase should be something frivolous while the other should be a substantial one. How would
Think back to two purchases that you made recently. One purchase should be something "frivolous" while the other should be a substantial one. How would you describe your thinking before you made each purchase? Was there more consideration for the frivolous purchase or the substantial purchase? How did you weigh the opportunity cost of each purchase decision? What factor(s) entered into the decision-making process of each purchase? incorporate consumer theory and utility
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