Benefits that accrue directly to the decision maker of a market exchange are called:
A. private benefits.
B. network benefits.
C. external benefits.
D. social benefits.
A. private benefits.
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Tyrell has $50 per week to spend on good A, which has a price of $5, and good B, which has a price of $4 . He buys six units of A and five of B. The marginal utility of the sixth unit of A is 25, and the marginal utility of the fifth unit of B is 20 . Which of the following is true?
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