Jared Declines to Purchase a New Bicycle Priced at $200

question 99

Multiple Choice

Jared declines to purchase a new bicycle priced at $200.An economist would conclude that:

• A) Jared does not enjoy riding a bicycle.
• B) the expected marginal benefit of the bicycle to Jared exceeds $200.
• C) the expected marginal benefit of the bicycle to Jared is less than $200.
• D) the expected marginal benefit of the bicycle to Jared is less than $100.

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