Which of the Following Statements Is FALSE

question 42

Multiple Choice

Which of the following statements is FALSE?

• A) The maximum price people are willing to pay for one more unit of a good is its value.
• B) A good's marginal benefit is the maximum price people are willing to pay for another unit.
• C) The value of one more unit of a good is the good's marginal benefit.
• D) None of the above because all the statements are true.

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Definitions:

Non-P

In logic, an abbreviation for "non-Propositional," used to describe elements not pertaining to propositions.

Good Deed

An act that is performed out of goodwill or benevolence without expecting compensation.

Rewarded

To receive something of value in recognition of service, effort, or achievement.

Categorical Proposition

A statement that affirms or denies something about all members of a category.