A household will buy a good as long as the

A) good's price is greater than the maximum a consumer would be willing to pay for it.
B) marginal utility from its consumption is greater than or equal to its market price.
C) good still provides the consumer with average utility.
D) good's use value is less than the price being charged for the good.

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Jason Alfaro · Accepted Answer

Final Answer : B, Explanation :  The principle of consumer behavior states that a household will continue to buy a good as long as the marginal utility (additional satisfaction) obtained from consuming one more unit of the good is greater than or equal to the price paid for it. This ensures that the consumer is getting at least as much value from the good as they are paying for it, making it a rational choice to purchase.

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