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Author Question: Most people would prefer to drive a luxury car that has all the options, but more people buy less ... (Read 39 times)

Mr3Hunna

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Most people would prefer to drive a luxury car that has all the options, but more people buy less expensive cars even though they could afford the luxury car because
 
  A) luxury cars cost a lot more than non-luxury cars.
  B) the marginal utility per dollar spent on the less expensive car is higher than that spent on luxury cars.
  C) car buyers are irrational.
  D) the total utility of less expensive cars is greater than that of luxury cars.

Question 2

Is it possible for technological change to be negative? If so, give an example.
 
  What will be an ideal response?


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hramirez205

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Mr3Hunna

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Reply 2 on: Jun 29, 2018
Gracias!


robbielu01

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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