Mark loves ice cream. At any point in time, he will buy an additional ice cream cone if

A) the marginal benefit from it exceeds the price.
B) the marginal benefit from it is zero.
C) his willingness to pay is less than the price.
D) there is no deadweight loss produced by his purchase of a cone.
E) None of the above answers is correct.

A

Economics

You might also like to view...

The worst recession since World War II started in which year?

A. 1957 B. 1973 C. 1981 D. 2007

Economics

The self-correcting tendency of the economy means that falling inflation eventually eliminates:

A. exogenous spending. B. recessionary gaps. C. expansionary gaps. D. unemployment.

Economics