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From an Economic Perspective,when a Consumer Decides to Buy More

Question 1

Multiple Choice

From an economic perspective,when a consumer decides to buy more life insurance,the consumer has most likely concluded that the:


A) marginal costs of more insurance coverage have increased.
B) marginal benefits of more insurance coverage have decreased.
C) marginal benefits of more insurance coverage are greater than the marginal costs.
D) opportunity costs of more insurance coverage are greater than the payment for more insurance coverage.

Correct Answer:

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