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When Andrew buys purple boxer shorts at Nia's store for $20,

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6 years ago

When Andrew buys purple boxer shorts at Nia's store for $20,

When Andrew buys purple boxer shorts at Nia's store for $20,
A) Andrew's marginal benefits must be at least $20.
B) Nia's marginal opportunity costs must greater than $20.
C) Nia's marginal benefits from the $20 must be less than from the boxer shorts.
D) Andrew's marginal opportunity costs must be greater than $20.
E) this is an involuntary exchange because Andrew wouldn't be caught dead in purple boxer shorts.

Textbook

Microeconomics for Life: Smart Choices for You

Edition: 2^nd

Author: Cohen

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