What condition must hold for a consumer to buy a unit?
A
The unit's marginal utility must be lower than its price.
B
The unit's total utility must exceed its price.
C
The unit's marginal utility must be at least worth its price.
D
The unit's marginal cost must be at least worth its price.
7.1.4 derivation of an individual demand curve Flashcards
20 flashcards on CIE Intl A Level Economics 7.1.4 derivation of an individual demand curve: the key terms and definitions you need to recall.