What must be true for a consumer to buy a good or service?
A) The price must be equal to or less than the marginal benefit.
B) The total benefit received must equal the total spent to buy the good or service.
C) The consumer must be able to obtain some consumer surplus.
D) The consumer must not be able to produce the product.
E) The price must be equal to or greater than the marginal benefit.

Question

Quizplus · Accepted Answer

For a consumer to buy a good or service, the price must be equal to or less than the marginal benefit, ensuring that the consumer perceives value in the purchase.

What Must Be True for a Consumer to Buy a Good