The price of a ticket to the latest concert is $80. According to an economist, under what circumstances will you purchase a ticket?
A) when you place a lower valuation on seeing the concert than $80 but are extremely bored
B) when your marginal benefit of going to the concert is positive
C) when your expected marginal benefit from viewing the concert exceeds $80
D) when your expected marginal cost from viewing the concert exceeds $80
Correct Answer:
Verified
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