QUESTION 5Even though local newspapers are very inexpensive, people rarely buy more than one of them each day. This fact:O A. is an example O B. implies that electronic mediaof irrationalbehavior.sources are displacing print sourcesfor many consumersC.contradictsthe economicO D. implies that, for most people, themarginal benefit of reading a secondnewspaper is less than the marginalperspective1Scost.QUESTION G

When an additional (marginal) benefit derived from reading a second newspaper is less than the…

QUESTION 5 Even though local newspapers are very inexpensive, people rarely buy more than one of them each day. This fact: OA. is an example of irrational behavior. O B. implies that electronic media sources are displacing print sources for many consumers OC. contradicts the economic perspective O D. implies that, for most people, the marginal benefit of reading a second newspaper is less than the marginal cost.

QUESTION 5 Even though local newspapers are very inexpensive, people rarely buy more than one of them each day. This fact: OA. is an example of irrational behavior. O B. implies that electronic media sources are displacing print sources for many consumers OC. contradicts the economic perspective O D. implies that, for most people, the marginal benefit of reading a second newspaper is less than the marginal cost.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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