Multiple Choice
In a functioning market, people will buy a good up to the point where:
A) the marginal benefit of each unit is equal to the marginal cost of each unit.
B) the total benefit of the good is equal to the total cost of the good.
C) the marginal benefit of the last unit is equal to the marginal cost of that unit.
D) they can no longer afford to consume any more units.
Correct Answer:
Verified
Correct Answer:
Verified
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