The Expected Marginal Benefit to Todd from Purchasing a New

question 65

Multiple Choice

The expected marginal benefit to Todd from purchasing a new sport utility vehicle is $20,000, and the price of the new sport utility vehicle is $22,000. Given that Todd is a rational consumer, which of the following statements is true?

• A)Todd will borrow $2,000 and purchase the new sport utility vehicle.
• B)Todd will not purchase the new sport utility vehicle at this time.
• C)If Todd does not purchase the new sport utility vehicle, his net loss will be $2,000.
• D)Todd will purchase the sport utility vehicle when the marginal cost of doing so falls to $21,000.
• E)Todd will buy the sport utility vehicle and rent it to other people.

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Definitions:

Unprotected Sex

Sex without the use of contraceptives or barriers, leading to increased risks of sexually transmitted infections (STIs) and unintended pregnancies.

Convert Communicator

likely refers to a "covert communicator," characterized as someone who discreetly or secretly communicates, though "convert communicator" as a specific term might not have a widely recognized definition in psychological or communication studies.

Source Likeability

The degree to which a message's sender is found to be attractive, friendly, or appealing, influencing the receiver's acceptance of the message.

Sleeper Effect

The finding that, over time, people separate the message from the messenger.