Question

please explain

Next Page Page 4 of 25 Question 4 (1 point) Even though local newspapers are very inexpensive, people rarely buy more than one of them each day This fact implies that electronic media sources are displacing print sources for many consumers. contradicts the economic perspective. is an example of irrational behavior implies that, for most people, the marginal benefit of reading a second newspaper is less than the marginal cost Next Page Page 4 of 25 Submit Qulz

Answer 1

Answer: Implies that , for most people the marginal benefit of reading a second news paper is less than marginal cost .

Marginal benefit: The additional satisfaction that a consumer get from an consumption of additional unit of same good or service.

Marginal cost : The cost of producing one more unit of any good or service is called marginal cost.

Here marginal benefit of reading a second newspaper is less as the same news will be printed in the news paper with a different words which shows that consumers will got any additional benefit of consuming any additional unit. Here the marginal cost is more than marginal benefit because here the cost of producing an additional unit of good is more than the benefit that we get from consuming that good.

So most of people have this feeling that it is a waste of time reading the news in a second newspaper. So they feel that marginal benefit of reading a second news paper is less than marginal cost.