Michelle is a shopper that follows the rational rule and is searching for a credenza to go in her living room. Her willingness to pay is 600 She is interested in a particular credenza from a local shop. If she decides not to buy the credenza, you can conclude that the benefit is __ the cost. exactly the same as less than greater than exactly twice as much as

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Michelle is a shopper that follows the rational rule and is searching for a credenza to go in her living room. Her willingness to pay is 600 She is interested in a particular credenza from a local shop. If she decides not to buy the credenza, you can conclude that the benefit is __ the cost. exactly the same as less than greater than exactly twice as much as

Answer 1

If Michelle decides **not** to buy the credenza, it means that the **cost of the credenza exceeds her willingness to pay**. According to the rational rule, a consumer will only purchase an item if the benefit (her willingness to pay) is **greater than or equal to** the cost.In this case, since she does not buy the credenza, the **benefit is less than the cost**.### Correct Answer:**less than**

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