A rational buyer will:
A) keep buying a product until marginal benefit equals price.
B) buy a product until the marginal benefit of consuming the product is less than the price of the product.
C) buy the product only when the marginal benefit of consuming the product is twice as much as the price of the product.
D) not consider costs versus benefits when purchasing a product.
Correct Answer:
Verified
Q9: The law of demand refers to
A)the positive
Q10: Which of the following scenarios does not
Q11: Which of the following scenarios illustrates the
Q12: When plotting a demand curve,
A)quantity demanded is
Q13: When plotting a demand curve
A)quantity demanded is
Q15: The Rational Rule for Buyers
A)compares the total
Q16: Which of the following scenarios depicts a
Q17: The demand curve
(i) is a curve that
Q18: Which of the following would be considered
Q19: Diminishing marginal benefit:
A)is when buying an additional
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