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Carla Is Not Wealthy but Attends a School in the Wealthy

question 155

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Carla is not wealthy but attends a school in the wealthy part of her city.She works at a grocery store after school.Other girls at her school carry Gucci bags to school,wear Louis Vuitton clothing,Nikes for sports,and Jimmy Choo shoes for formal events.Carla is not invited to formal events because she cannot afford the designer clothing and accessories her classmates have.She has been invited to the prom but is concerned that she will look and feel out of place.She discusses her predicament with her neighbor,a kindly older woman,who assures her she has nothing to worry about because they can get her the clothes and accessories she needs at no cost or a fraction of the cost.The neighbor takes down her sizes and promises she will meet with her in a week.The next week,the neighbor calls her and invites her over.In her living room,she has five Louis Vuitton dresses,and a variety of designer shoes,handbags,and accessories and tells her to pick out what she likes and try it on.She picks out a dress and shoes and takes them into the bathroom to try them on.She models them for the neighbor who insists that she take them and accessories she has picked out to go with them.Carla asks how much she owes for them and the neighbor tells her,"$200." Carla pays her and takes the purchases home with her.What type of utility is the focus of this scenario?

Definitions:

Interest Rate

The percentage at which interest is paid by a borrower for the use of money they borrow from a lender.

Indifferent

A state of having no preference or being neutral between two or more options as they provide the same level of utility or satisfaction.

Prizes

Awards or rewards given for a specific achievement, often used as incentives in competitions or contests.

Interest Rates

The cost of borrowing money, typically expressed as a percentage of the amount loaned, paid to the lender at regular intervals for the use of their money.