If Melanie's Marginal Benefit as a Consumer in the Jeans

question 184

Multiple Choice

If Melanie's marginal benefit as a consumer in the jeans market is larger than the price of a pair of jeans,

• A) Melanie will not purchase any more jeans.
• B) Melanie can benefit by purchasing more jeans.
• C) the opportunity cost of a pair of jeans is lower than the price.
• D) Melanie will decrease her total utility by purchasing more jeans.

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Definitions:

Annually Balanced Budget

A budgeting approach where the government's projected revenues and expenditures are equal within a one-year period.

Countercyclical

Economic policies or measures intended to mitigate the effects of recessions by stimulating economic activity during downturns.

Destabilize

To cause a system, government, or structure to become unstable, potentially leading to disorder, chaos, or downfall.

Unemployment Rate

A measure of those in the labor force who are without employment and are searching for a job.