Asked by Lavkush Tamrakar on Jul 05, 2024

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(Last Word) Most people do not steal because:

A) stolen goods are subject to the law of diminishing marginal utility.
B) the marginal utilities of stolen goods are negative.
C) their marginal costs,including guilt costs,are too high.
D) stolen goods can only be sold at deep discounts.

Marginal Costs

The augmentation in total expenditures resulting from the production of an additional unit of a product or service.

Law of Diminishing

Refers to the Law of Diminishing Returns, which states that continuing to increase one input, while holding others constant, will eventually result in smaller and smaller additions to output.

Stolen Goods

Items that have been illegally taken from their rightful owner, typically sold in underground markets.

  • Ascertain the effect that time and its opportunity costs have on the decision processes of consumers and on achieving maximum utility.
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DB
Daria'una ButlerJul 08, 2024
Final Answer :
C
Explanation :
The cost of guilt and potential legal consequences are often too high for individuals to justify stealing.