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watch the videos: https://youtube.com/shorts/mJbnwGSKXXI?si=shcakHuXqDn8cuw_ https://www.youtube.com/watch?v=ipGdPsYHxos 1. why are consumers changing their preferences? 2. how could this change utility? 3. which of the five foundations do
watch the videos: https://youtube.com/shorts/mJbnwGSKXXI?si=shcakHuXqDn8cuw_ https://www.youtube.com/watch?v=ipGdPsYHxos 1. why are consumers changing their preferences? 2. how could this change utility? 3. which of the five foundations do you think applies the most of this shift? Incentives, opportunity costs, trade offs, marginal thinking, trade creates value 4. would you ever get a dumb phone? why or why not
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