George Foreman was a professional boxer who made acomeback by endorsing grills. Foreman does not own the company thatmakes the grills, but he became the face of the brand. At first, peoplewere not certain whether he was an expert on grills or fat-free cooking,but Foreman soon became thought of as the expert on this product andthis type of cooking. Think of the concept of utility and how Foreman’srole as a celebrity endorser affects the marginal utility of these grillproducts. Answer the following:How do people’s budget, income, and substitution effects fit in?How do you think this influences the demand curve for indoor grill products?Are these choices made rationally?
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