If you buy a good, its expected marginal value to you
A)is equal to its price
B)is greater than its price
C)is less than its price
D)may be less than or equal to but not greater than its price
E)may be greater than or equal to but not less than its price

Question

Quizplus · Accepted Answer

The expected marginal value of a good to a consumer can be greater than or equal to its price because consumers will only purchase a good if they perceive its value to be at least equal to the price they pay.

If You Buy a Good, Its Expected Marginal Value to You