Car Owners Will Continue to Seek Information About Possible Repairs

question 38

Multiple Choice

Car owners will continue to seek information about possible repairs until the marginal cost of obtaining one more opinion _________________ the expected marginal benefit from the information contained in that opinion.

• A) equals
• B) is greater than
• C) is less than

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Definitions:

Cash Earn

The process of receiving money as a result of selling goods or services, investments, or other business activities that generate income.

Trade Credit

Credit extended by suppliers for the purchase of their goods and services.