Suppose you could quantify the amount of satisfaction you receive from consuming

Question

Suppose you could quantify the amount of satisfaction you receive from consuming ice cream in money terms. You might say, "I expect to get $3 worth of satisfaction from this ice cream cone. " According to traditional economic theory, if the price of this ice cream cone were $3. 05, would you buy one? Sure, why not? What's a nickel? Absolutely. It's worth it at that price. No way, because it's not worth it. There is no way to answer this question because you really can't compare the price of something and the amount of satisfaction you expect to receive from it.

Explanation / Answer

c. No way, because its not worth it.

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.