Jared Declines to Purchase a New Bicycle Priced at $200

question 155

Multiple Choice

Jared declines to purchase a new bicycle priced at $200. Therefore:

• A)​Jared does not enjoy riding a bicycle.
• B)​the expected marginal benefit of the bicycle to Jared exceeds $200 that could be spent on other things.
• C)​the expected marginal benefit of the bicycle to Jared is less than $200.
• D)​None of the above is true.

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