Even though local newspapers are very inexpensive, people rarely buy more than one of them each day.This fact:
A)is an example of irrational behaviour.
B)implies that reading should be taught through phonics rather than the whole language method.
C)contradicts the economic perspective.
D)implies that, for most people, the marginal benefit of reading a second newspaper is less than the marginal cost.

Question

Quizplus · Accepted Answer

This fact implies that people are making rational decisions based on the marginal benefit and marginal cost of purchasing and reading multiple newspapers. The marginal benefit of reading a second newspaper is likely to be lower than the cost, including the cost of the newspaper itself and the time spent reading it.

Even Though Local Newspapers Are Very Inexpensive, People Rarely Buy