Assume You Are in a Store Looking at a Shirt

Multiple Choice

Assume you are in a store looking at a shirt you want to buy. You expect to buy the shirt until you look at the price, then you decide the shirt is not a good buy. How can your decision be viewed in economic terms?

A) The shirt has zero marginal utility for you.
B) The opportunity cost of the shirt was too low.
C) The shirt's marginal utility divided by price was too low compared to other goods.
D) The shirt's marginal utility divided by price was too high compared to other goods.
E) None of the above answers is correct.