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How Much of a Good Will Consumers Who Wish to Maximize

Question 39

Multiple Choice

How much of a good will consumers who wish to maximize their net benefit (value less cost) purchase?


A) The amount where marginal value just equals the good's price.
B) The amount where average value just equals the good's price.
C) The amount where total value is maximized.
D) The amount where marginal value starts to fall.

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