A consumer will buy a good when
A)consumer surplus is greater than or equal to the price.
B)marginal benefit is positive.
C)marginal benefit is greater than or equal to the price.
D)consumer surplus is positive.
E)consumer surplus is greater than producer surplus.

Question

Quizplus · Accepted Answer

A consumer will buy a good when the marginal benefit of the good is greater than or equal to the price. This means that the consumer perceives the value of the good to be greater than or equal to its cost.

A Consumer Will Buy a Good When