Suppose a Consumer Has Determined That Her Reservation Price,R,is $75

Multiple Choice

Suppose a consumer has determined that her reservation price,R,is $75.The expected benefit of an additional search at this reservation price is $25.Based on this information we can conclude that:

A) search costs are $25 per search.
B) this consumer will reject any price above $25.
C) this consumer will accept any price below $75.
D) search costs are $25 per search, and this consumer will accept any price below $75.