We observe that the price per ounce of milk in a quart container is higher than the price per ounce in a gallon container.What is the likely reason for this?
A) The higher costs of quart containers
B) The higher costs of production of milk in smaller quantities.
C) Higher transportation costs for smaller container sizes.
D) The marginal utility of milk is higher in smaller containers than it is in larger containers.
Correct Answer:
Verified
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