7. Martha and Sarah have the same preferences and incomes. Just as Martha arrived at the theater...

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7. Martha and Sarah have the same preferences and incomes. Just as Martha arrived at the theater to see a play, she discovered that she had lost the $10 ticket she had purchased earlier. Sarah also just arrived at the theater planning to buy a ticket to see the same play when she discovered that she had lost a $10 bill from her wallet. If both Martha and Sarah are rational and both still have enough money to pay for a ticket, is one of them more likely than the other to go ahead and see the play anyway? LO2

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Principles Of Microeconomics

ISBN: 9780073362663

4th Edition

Authors: Robert H. Frank, Ben S. Bernanke

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