Business, 11.02.2020 04:59, lizzet2557
The marginal benefit to Bob of a taxi ride to work today is $5. The price of a such a ride is $4 and is equal to the marginal cost of the ride to Bob. Assuming Bob is rational, it follows that:
a. There is not enough information to determine whether or not Bob will choose to ride to work in a taxi today.
b. Bob will enjoy a net gain by riding to work in a taxi today.
c. Bob will not choose to ride in a taxi today.
d. Bob will choose to ride to work in a taxi today.
e. Both (b) and (d)
Answers: 1
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The marginal benefit to Bob of a taxi ride to work today is $5. The price of a such a ride is $4 and...
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