Question

1. fundamentals of consumer choice

sharon and her friend go out for lunch at a nearby food court. sharon is trying to decide whether to order a tortilla wrap or a lettuce wrap. which of the following factors will directly affect her decision? check all that apply.
the expected benefits of the two options
the relative prices of tortilla wraps and lettuce wraps
the friends recommendations
the friends budget
the color of her friends car
sharon recently discovered the sitcom, \the simpsons.\ she starts watching the episodes from the beginning and loves the humor, the characters, and the clever stories. however, after watching the series every day for a week, she grew tired of the show. how can economic theory help explain this change of heart?
because streaming the shows are very expensive, sharon feels guilty about spending so much money on them.
as sharon continues to binge - watch \the simpsons,\ the marginal utility of each additional episode declines.
sharon realizes that binge - watching tv is bad for ones health and decides she should stop watching them.
because of her limited income, sharon realizes that she will be happier if she substitutes \family guy\ for \the simpsons.\

Explanation:

Consumer choice is influenced by expected benefits and relative prices. A friend's recommendation can also impact the decision - making process. The color of a friend's car and the friend's budget are unrelated to the choice between two food items.

Answer:

The expected benefits of the two options
The relative prices of tortilla wraps and lettuce wraps
The friend's recommendations