Which of the following statements is the economic rule that explains why we stop purchasing goods and services after we have consumed some?
We will consume only while marginal benefit exceeds marginal cost.
We will consume goods and services whenever the price is low.
We will purchase goods only while they are marginal.
We marginally consume goods and services when the price exceeds the cost.

Question

Which of the following statements is the economic rule that explains why we stop purchasing goods and services after we have consumed some?
We will consume only while marginal benefit exceeds marginal cost.
We will consume goods and services whenever the price is low.
We will purchase goods only while they are marginal.
We marginally consume goods and services when the price exceeds the cost.

anonymous · Answer

what do you think Abby?

anonymous · Answer

Well, would you buy something of really poor quality, if it's very expensive?

anonymous · Answer

We will purchase goods only while they are marginal. is my guess

anonymous · Answer

No, because you want the benefits to exceed costs