In many cases. it is reasonable to refer to the ________________ as the price.

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In many cases, it is reasonable to refer to the ________________
as the price.

Group of answer choices

budget constraint

sunk cost

opportunity cost

marginal utility

Answer

The correct option is D) marginal utility.

It is because marginal utility refers to the additional
satisfaction that the consumer is getting from an additional unit
of consumption. This wealth means that it is the willingness to pay
of the consumer for every unit. And in case of situations where the
perfect price discrimination is there in that case the consumer is
charged a price equal to the marginal utility. Also, in the
equilibrium of a single commodity be equal to the marginal utility
and the price.

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All the other options are incorrect by the same logic.


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