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Willingness to pay as a measure of a person's value for a particular good measures the maximum a person would be willing to pay
Willingness to pay as a measure of a person's value for a particular good measures the maximum a person would be willing to pay requires that payment actually be made depends on the satisfaction that humans derive from it is the same thing as saying that only "useful" things have value all of the above only A and C are correct
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Macroeconomics
Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty
1st Edition
978-0132109994, 0132109999
