A Grocery Store Is Running a "Buy-One-Get-Another-At-One-Half-Off" Promotion on a Dozen

question 85

Multiple Choice

A grocery store is running a "buy-one-get-another-at-one-half-off" promotion on a dozen doughnuts. So the first dozen is $6 and the second would be $3. A person would buy the second dozen if their marginal benefit from the second dozen doughnuts is:

• A) greater than $3
• B) greater than $6
• C) greater than $9
• D) less than $3

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Definitions:

World Price

The global market price of a commodity, determined by supply and demand factors across all participating countries.

Market Equilibrium

A situation in economics where the quantity of goods supplied is equal to the quantity of goods demanded at a specific price.

Trade Restrictions

measures taken by governments to control or limit the trade of goods and services across their borders, such as tariffs and quotas.

Import Quota

A government-imposed limit on the quantity of a particular good that can be imported into a country.