Even though local newspapers are very inexpensive,people rarely buy more than one of them each day.This fact:

A) is an example of irrational behavior.
B) implies that electronic media sources are displacing print sources for many consumers.
C) contradicts the economic perspective.
D) implies that,for most people,the marginal benefit of reading a second newspaper is less than the marginal cost.

Marginal Benefit

Marginal Benefit refers to the additional satisfaction or utility that a person receives from consuming an extra unit of a good or service.

Marginal Cost

Marginal cost describes the increase in total cost that arises from producing one more unit of a particular good or service.

Economic Perspective

A viewpoint that envisions individuals and institutions making rational decisions by comparing the marginal benefits and marginal costs associated with their actions.