We will keep buying digital music downloads from the Internet until the marginal utility of the music downloads
A)rises to the price of the download.
B)falls to the price of the download.
C)is greater than the price of the download.
D)is less than the price of the downloaD.

Question

Quizplus · Accepted Answer

The principle of marginal utility in economics suggests that consumers will continue purchasing a good until the marginal utility (the additional satisfaction from consuming one more unit of the good) falls to equal the price of the good. This is because consumers aim to maximize their utility, and when the marginal utility of a good is equal to its price, it indicates that the satisfaction gained from purchasing the good is exactly worth its cost, making it the optimal stopping point for consumption.

We Will Keep Buying Digital Music Downloads from the Internet