Asked by Andrew Young on May 09, 2024
Verified
When DVD players start becoming obsolete then, to potential thieves, the
A) marginal utility of stealing them increases.
B) marginal utility of stealing them decreases.
C) marginal cost of stealing them increases.
D) marginal cost of stealing them decreases.
Marginal Utility
The additional satisfaction or benefit (utility) gained from consuming one more unit of a good or service.
DVD Players
Electronic devices that play discs produced under both the DVD-Video and DVD-Audio technical standards, used for video and audio playback.
Potential Thieves
Individuals who are considered to have the inclination or possibility to commit theft but have not yet done so.
- Apprehend the economic basis underpinning the practices of gift-giving, theft, and engagements in the marketplace.
Verified Answer
MC
Matthew ConwayMay 10, 2024
Final Answer :
B
Explanation :
As DVD players become obsolete, their value and demand decrease, making them less attractive to steal, thus decreasing their marginal utility to potential thieves.
Learning Objectives
- Apprehend the economic basis underpinning the practices of gift-giving, theft, and engagements in the marketplace.