If Jane's marginal benefit as a consumer in the jeans market is larger than the price of a pair of jeans,
A) Jane will not purchase any more jeans.
B) Jane can benefit by purchasing more jeans.
C) the opportunity cost of a pair of jeans is lower than the price.
D) Jane will decrease her total utility by purchasing more jeans.

Question

Quizplus · Accepted Answer

If Jane's marginal benefit is greater than the price, she can increase her total utility by purchasing more jeans, as the additional satisfaction from another pair exceeds the cost.

If Jane's Marginal Benefit as a Consumer in the Jeans