The Expected Marginal Benefit to You from Purchasing a New

question 171

Multiple Choice

The expected marginal benefit to you from purchasing a new sport utility vehicle is $20,000. The price of the new sport utility vehicle is $22,000.

• A)​If you are acting rationally, you will borrow $2,000 and purchase a new sport utility vehicle.
• B)​You will not purchase the new sport utility vehicle at this time if you are acting rationally.
• C)​If you do not purchase the new sport utility vehicle, your net loss will be $2,000.
• D)​If you are acting rationally, you will purchase sport utility vehicles until the marginal cost of doing so falls to $20,000.

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Definitions:

Individualism

A perspective in social sciences that favors the autonomy of the individual over regulation by group norms or state laws.

Personal Privacy

The right of an individual to keep their personal information out of public view and to have control over their own personal data and the way it's used.

Narcissism

A personality trait characterized by an inflated sense of self-importance, a deep need for excessive attention and admiration, and a lack of empathy for others.

Individualism

A cultural and social philosophy that emphasizes the moral worth of the individual over collective entities, advocating for personal independence and self-expression.