Acustomer has purchased one pack of 100 pairs of disposable face masks The price of the second packis $45, and the burer estitmated its net benefit from buying this second pack to exceed $50 What should the buyer do? Select one a The buyer should not buy the second pack as buying the second pack will increase total benetts by less than total costs b. The buyer should not buy the second pack as buyinig the second pack will ancrease total benefits by more than total costs C The buyer should buy the second pack because the marginal beneft of the second packis so gh that its marginat cost does not matter any more d. The buver should buy the second pack because the marginal beneft of the second pack eceeds the marginal cost

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter6: Consumer Choices
Section: Chapter Questions
Problem 14CTQ: The rules of politics are not always the same as the rules of economics. In discussions of setting...
icon
Related questions
Question
A customer has purchased one pack of 100 pairs of disposable face masks. The price of the second pack is $45, and the burer estitnated its net benefit from
buying this second pack to exceed $50 What should the buyer do?
Select one
O a The buyer should not buy the second pack as buying the second packiwitl increase total benetts by less than total costs
b. The buyer should not buy the second pack as buying the second pack will increase total benefits by more than total costs
OC The buyer should buy the second pack because the marginal beneft of the second packit so igh that ts marginat cost does not mater umy more
d. The buyer should buy the second pack because the marginal benefit of the second pack exceeds the marginal cost
Transcribed Image Text:A customer has purchased one pack of 100 pairs of disposable face masks. The price of the second pack is $45, and the burer estitnated its net benefit from buying this second pack to exceed $50 What should the buyer do? Select one O a The buyer should not buy the second pack as buying the second packiwitl increase total benetts by less than total costs b. The buyer should not buy the second pack as buying the second pack will increase total benefits by more than total costs OC The buyer should buy the second pack because the marginal beneft of the second packit so igh that ts marginat cost does not mater umy more d. The buyer should buy the second pack because the marginal benefit of the second pack exceeds the marginal cost
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Sales
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax