Multiple Choice
Two college students,Josh and John,are spending spring break in Boston to visit Harvard University's law school.Josh buys a cup of coffee each morning at the local Dunkin' Donuts rather than from one of the local coffee shops.John claims that Josh is irrational because he never purchased Dunkin' Donuts' coffee at home,and Dunkin' Donuts' coffee costs more than the coffee sold by local shops.An economist would most likely explain Josh's behavior by suggesting that
A) Josh's behavior is rational,but John's behavior is clearly irrational.
B) Josh's behavior is clearly irrational,but John's behavior is rational.
C) the Dunkin' Donuts brand name suggests consistent quality.
D) the advertising by Dunkin' Donuts in Boston is more persuasive than the advertising by Dunkin' Donuts in Josh and John's home town.
Correct Answer:

Verified
Correct Answer:
Verified
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