1. Fundamentals of consumer choice Hubert and his friend go out for lunch at a nearby food court. Hubert is trying to de

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1 Fundamentals Of Consumer Choice Hubert And His Friend Go Out For Lunch At A Nearby Food Court Hubert Is Trying To De 1 (29.01 KiB) Viewed 13 times

1. Fundamentals of consumer choice Hubert and his friend go out for lunch at a nearby food court. Hubert is trying to decide whether to order a soup or a salad. Which of the following factors will directly affect his decision? Check all that apply. The friend's budget The expected benefits of the two options The friend's recommendations The color of his friend's car The relative prices of soups and salads Suppose that a glass of apple juice at Hubert's gym cafeteria costs as much as a can of soda. Hubert knows that while apple juice improves health by providing important vitamins, soda contains artificial ingredients and too much sugar, which causes diabetes. Hubert is thirsty and buys himself a glass of juice. How might economic theory explain Hubert's choice? Hubert probably has been drinking too much soda lately and would like to have a different drink this time around. Because Hubert has a limited income, he buys more juice and less soda. Hubert bought juice because his friend was having it. As juice and soda cost the same, Hubert buys the drink that he expects will yield him the greatest benefit.