An Average Consumer's Decision to Purchase a Good from a Firm

question 67

Multiple Choice

An average consumer's decision to purchase a good from a firm or hire resources directly in the market will _____

• A)depend only on his production skills and not on his contract negotiation skills.
• B)depend only on the opportunity cost of his time but not on his skills.
• C)not depend on the cost of identifying, measuring, and pricing inputs.
• D)not depend on the cost of negotiating contracts.
• E)depend, in part, on both his skills and the opportunity cost of his time.