If You Are Willing to Pay No More Than $4

question 49

Multiple Choice

If you are willing to pay no more than $4 for a slice of pizza and the price of a slice of pizza is $4,then

• A) if you buy it, you would be cheated because you would realize no total benefit from the purchase.
• B) you buy it but you get no marginal benefit from the purchase.
• C) you will not buy it.
• D) you buy it but you get no consumer surplus from the purchase.
• E) you might buy it depending on how the slice's marginal benefit compares to its price.

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Definitions:

Intrinsically Unethical

Refers to actions or behaviors that are inherently wrong or immoral by nature, regardless of context or consequences.

Branding

The marketing practice of creating a name, symbol, or design that identifies and differentiates a product or company from others.

Branding Strategy

A plan that involves the creation of a unique identity and image for a product or company in the market, aiming to differentiate it from competitors and build a loyal customer base.

Empowerment

The process of becoming stronger and more confident, especially in controlling one's life and claiming one's rights.