If the benefits of X = $100 and the price of X = $50, then

Name: If the benefits of X = $100 and the price of X = $50, then
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The reservation price is the maximum price that a person is willing to pay for a good or service. In this case, the benefits of X are $100, meaning that the maximum amount someone should be willing to pay for X is $100. Since the price of X is $50, which is lower than the reservation price of $100, it would be a good choice to buy X. Therefore, the answer is A.

If the Benefits of X = $100 and the Price