Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 7 - Utility Maximization - Discussion Questions: 9

Answer

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Work Step by Step

Whether or not people would steal if it were legal depends largely on moral values, for people will generally do what they perceive to be the option that costs the least. For some, the cost of the guilt of stealing something is greater than the cost of the time it takes to make the money legally, so they would choose to not steal even if it were legal.
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