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Question: John and Jane are friends and they both work at the university. They shop at the same stores, have the same circle of friends, and spend most of their time at or around the university. John decides to live in town near his work, friends, shopping, etc. Jane decides to live out in the country about half an hour away from her work, friends, shopping, etc. Who made the rational choice and why?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M93118176

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