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loves driving his vintage car every weekend. He pays $400 a month to a garage for storage and maintenance, but he tells a friend that
loves driving his vintage car every weekend. He pays $400 a month to a garage for storage and maintenance, but he tells a friend that he thinks he's getting a real bargain and would willingly pay twice the price for the great service he gets from the garage. Vlad's other expense is his apartment rent, which is $500 a month. Unlike the garage, he doesn't think the deal he gets from his landlord is all that good, and he is on the verge of looking for something better for the same price. Why does Vlad's consumption of driving vintage cars and housing explain the paradox of value? For Vlad, how does the consumer surplus from driving vintage cars compare to the consumer surplus from housing? Question content area bottom Part 1 Vlad's consumption of driving vintage cars and housing explains the paradox of value because for Vlad, driving vintage cars has a _______ total utility and a _______ marginal utility than housing. A. smaller; smaller B. smaller; greater C. greater; greater D. greater; smaller
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