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What might account for behaviour

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Reference no: EM132151935

Please explain how marginal utility comes into play in the scenario mentioned down below

Consider the following common scenario. An economist is attending a conference in an unfamiliar city. She is in the mood for a high-quality dinner and wanders through the center of the city looking for a restaurant. After narrowing her search to two establishments located on the same block, she ultimately selects the restaurant with the higher prices. What might account for this behaviour?

Reference no: EM132151935

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