Leslie loves sailing her boat every weekend. She pays $500 a month to a marina where she keeps the boat, but she tells a friend that she thinks she's getting a real bargain and would willingly pay twice the price for the great service she gets from the marina.
Leslie's other expense is her downtown parking space, which is $1000 a month. Unlike the marina, she doesn't think the deal she gets from the parking lot is all that good, and she is on the verge of looking for something better for the same price.
Why does Leslie's consumption of sailing and downtown parking explain the paradox of value?
For Leslie, how does the consumer surplus from sailing compare to the consumer surplus from downtown parking?
Leslie's consumption of sailing and downtown parking explains the paradox of value because for Leslie, sailing has a downtown parking. â—» total utility and a â—» marginal utility than
A. greater, smaller
B. smaller, smaller
C. greater, greater
D. smaller, greater