you buy a new phone for $1,300, but discover that it has many software problems that you did not anticipate. as a result, the phone is only worth $800 to you. as a result...
a.you are $1300 worse off because the phone is worthless
b. you are $500 worse off because the phones value is less than it cost to you
c. you are $500 better off because the phones value is greater than its cost to you
d. none of the above
