If a Consumer Buys a Good,the Expected _____

question 174

Multiple Choice

If a consumer buys a good,the expected _____

• A)marginal utility of the good is zero.
• B)opportunity cost of buying the good is more than its price.
• C)marginal utility of per dollar spent on the good equals its price.
• D)total utility derived from the consumption of the good is less than its price.
• E)marginal value of the good is greater than or equal to its price.

---

Definitions:

Fait Accompli

A situation or action that has already been completed and is irreversible, often presented to others as an accomplished event.

Bargaining Range

The spectrum of possible agreements in a negotiation process, bounded by the least favorable terms acceptable to each party.

Opening Stance

The initial position or attitude taken by a party at the beginning of a negotiation or discussion.

Counteroffer

A proposal made in response to an initial offer, suggesting different terms or conditions.