« previous next »

Author Question: Which of the following statements about advertising is true? a. Advertising lowers the price of a ... (Read 34 times)

natalie2426

  • Hero Member
  • *****
  • Posts: 524
on: Jun 30, 2018
Which of the following statements about advertising is true?
 a. Advertising lowers the price of a product.
  b. Advertising lowers the total cost of obtaining a good.
  c. Advertising has no economic value.
  d. Advertising increases the opportunity cost of time.

Question 2

In utility analysis, it is assumed that marginal utility diminishes as consumption of a product decreases.
 a. True
  b. False
  Indicate whether the statement is true or false


owenfalvey

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

TrUe....FaLsE TrUe....FaLsE
Adapoids and omomyoids had longer snouts and are the first “true” primates. Adapoids and omomyoids had longer snouts and are the first “true” primates.
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
The level in the coolant recovery system raises and lowers with engine temperature. The level in the coolant recovery system raises and lowers with engine temperature.
True Dover Sole True Dover Sole
Video: Rh blood type and complications during pregnancy & Fertilization

For a complete list of videos, visit our video library