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Question
If you wanted to buy a McDonald's Big Mac, small fries, and a small drink separately, it will you cost you $6.19. However, if you purchased these three items together as part of the firm's Extra Value Meal package, you would pay only $4.39, savings 80 cents. This "Extra Value Meal" price serves as __________ to you and other consumers, who compare the costs and benefits of substitute items to a bundle containing those items.
A. a marginal analysis
B. a profit equation
C. a reference value
D. a break-even analysis
E. price elasticity of demand
Answer
This answer is hidden. It contains 221 characters.
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