146k views
1 vote
On a hot sweltering day, you feel thirsty and buy an ice-cold soft drink, which you gulp down. Whether you buy the second drink or not will depend on Select one:

a. the total amount of soft drinks that you have consumed that week.
b. how you feel about soft drinks.
c. the price of the soft drink.
d. the marginal benefit from the second soft drink and if it will outweigh the price of the soft drink

User Bab Yogoo
by
8.0k points

1 Answer

4 votes

Final answer:

The decision to purchase a second soft drinks on the marginal benefit it provides compared to its price.

Step-by-step explanation:

Whether you buy the second soft drink or not after gulping down the first one on a hot sweltering day would depend on d. the marginal benefit from the second soft drink and if it will outweigh the price of the soft drink. This concept is fundamental in economics where decision-making is often based on the additional benefit gained from consuming one more unit of a good or service (marginal benefit) as compared to the additional cost of consuming that unit (marginal cost).The subject of this question is Economics. The question is asking about the factors that determine whether someone will buy a second soft drink on a hot day. The correct answer is option d. The decision to buy a second soft drink will depend on the marginal benefit from the second drink and if it will outweigh the price of the soft drink. When making a choice, individuals typically weigh the benefits against the costs to determine if it is worth it.

User Xiao Liang
by
9.0k points