Many people buy one newspaper per day,but rarely do they buy two of the same newspapers on the same day.What is the economic justification for this behavior?

Question

Quizplus · Accepted Answer

This behavior can be explained using the economic concept of marginal analysis. Marginal benefit is the additional benefit received from consuming an additional unit of a good, while marginal cost is the additional cost required to produce or consume an additional unit of a good. In this case, buying a second newspaper would provide some additional benefit, but the cost (i.e. the second purchase price) would exceed the marginal benefit for most people, leading them to choose not to purchase a second newspaper. Therefore, the marginal cost of purchasing the second newspaper exceeds the marginal benefit of purchasing that paper.

Many People Buy One Newspaper Per Day,but Rarely Do They