Brice is going to purchase a hi-def,flat-screen TV.He has decided on everything except the screen size.The unit with the 42-inch screen costs $600 while the unit with the 47-inch screen costs $750.In making this decision,which concept should Brice use?
A)Marginal utility
B)Time value of money
C)Total utility
D)Marginal tax rates

Question

Quizplus · Accepted Answer

Marginal utility is the concept Brice should use because it involves evaluating the additional satisfaction (utility) he would get from the larger screen size compared to the additional cost.

Brice Is Going to Purchase a Hi-Def,flat-Screen TV