Mia wants to buy a book. The economic perspective suggests that Mia will buy the book if
A) she has enough money to pay for the marginal cost of the book.
B) the marginal benefit of the book is a positive value.
C) the marginal cost of the book is greater than its marginal benefit.
D) the marginal benefit of the book is greater than its marginal cost.

Question

Quizplus · Accepted Answer

According to the economic perspective, individuals will make a decision to purchase a good or service if the marginal benefit exceeds the marginal cost. Therefore, Mia will only buy the book if the benefit she gains from owning and reading the book is greater than the cost of purchasing the book. Option D states that the marginal benefit is greater than the marginal cost, so it is the best choice.

Mia Wants to Buy a Book