Multiple Choice
The marginal benefit to you of drinking one more bottled iced tea is $1.50. The price of a bottle of iced tea is $1.25.
A) If you purchase iced tea you will suffer a net loss of 25 cents per bottle.
B) If you purchase a bottle of iced tea, the net gain to you from doing so is 25 cents.
C) You will not purchase iced tea if you are acting rationally.
D) If you are acting rationally, you will purchase iced tea until the marginal benefit falls to 25 cents.
Correct Answer:

Verified
Correct Answer:
Verified
Q152: If a country wanted to maximize the
Q153: Maggie is a potter who likes to
Q154: Specialization and trade can create more wealth
Q155: Jared declines to purchase a new bicycle
Q156: The opportunity cost of a two-week vacation
Q158: In a market economy, the amount of
Q159: Which of the following is true?<br>A)Poverty, defined
Q160: Scarcity is a problem faced by all
Q161: Which of the following would be likely
Q162: Why do people commonly switch channels on