Chuck offers $240,000 for a house. The seller turns down the offer but says she will sell the house for $260,000. However, Chuck refuses to pay the higher price. If Chuck is following the economic decision rule, the marginal benefit of the house to:
A. The seller must be less than $240,000.
B. Chuck must be less than $260,000.
C. The seller must be less than $260,000.
D. Chuck must be greater than $260,000.
Answer: B
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