Ask Question
12 May, 11:59

Tabitha shares a flea market booth with her sister. Her share of the rent is $150 per month. She is considering moving to her own, larger booth which she will not have to share with anyone. The larger booth rents for $450 per month. Recently, you ran into Tabitha in the grocery store and she tells you that she has rented the larger booth. Tabitha is as rational as any other person. As an economics major, you rightly conclude that Group of answer choices 1. the cost of having one's own booth outweighs the benefits. 2. Tabitha figures that the additional benefit of having her own booth (as opposed to sharing) is at least $450. 3. Tabitha did not have a choice; her sister was overcharging her. 4. Tabitha figures that the additional benefit of having her own booth (as opposed to sharing) is at least $300.

+4
Answers (1)
  1. 12 May, 13:25
    0
    Option 4 is correct

    Explanation:

    The marginal benefit derived from extra cost added to having her own booth is higher compared to sharing a booth with her sister.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Tabitha shares a flea market booth with her sister. Her share of the rent is $150 per month. She is considering moving to her own, larger ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers