Jess practices her electronic keyboard every evening for an upcoming musical concert. The sound disturbs Felix, who usually works on his college assignments around the same time. The value of the practice to Jess is $100, while the cost of the practice to Felix is $80. According to George, a student of economics, Jess should pay Felix $80 to continue her practice for the musical concert, Which of the following, if true, would indicate that Felix would be willing to pay Jess to induce her to practice at some other hour of the day?
A. Jess gives free music lessons at an orphanage.
B. Jess's practice disturbs an ailing elderly lady in the same neighborhood.
C. The cost imposed by Jess's practice on Felix is 5 percent of his expected return from doing well in his college assignments.
D. Jess works as a part-time music teacher during the day.
E. The marginal value of the practice to Jess is higher than the cost of the practice to Felix
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Jess practices her electronic keyboard every evening for an upcoming musical concert. The sound dist...
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