A Consumer Has a Choice of Spending $13,000 on a Honda

question 135

Essay

A consumer has a choice of spending $13,000 on a Honda or $9,000 on a Saturn.She is observed buying the Saturn.Does this mean the consumer prefers the Saturn?
Explain your answer.

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Definitions:

Chromosome

A long DNA molecule with part or all of the genetic material of an organism, structured into a thread-like shape.

DNA

Deoxyribonucleic Acid, the molecule that carries the genetic instructions used in the growth, development, functioning, and reproduction of all known living organisms and many viruses.

Genes

Units of heredity made up of DNA that carry information for the development, functioning, growth, and reproduction of all known organisms.

Psychological Disorder

A pattern of behavioral or psychological symptoms that impact multiple areas of life and create distress for the person affected.