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Which of these scenarios depicts a rational buyer? John walks into a grocery store and purchases monthly groceries without paying attention to the prices of
Which of these scenarios depicts a rational buyer? John walks into a grocery store and purchases monthly groceries without paying attention to the prices of groceries. Mary values a bag of salad at $2, but she buys the bag of salad even when the price is $4. Darwin buys a can of shoe polish at $4.50 when his marginal benefit from it is $3.75. Damien buys a sandwich for $5 when the marginal benefit of the sandwich to him is $7
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