This topic contains a solution. Click here to go to the answer

Author Question: A simple model of information acquisition for shopping predicts that, the larger the percentage of ... (Read 72 times)

go.lag

  • Hero Member
  • *****
  • Posts: 667
A simple model of information acquisition for shopping predicts that, the larger the percentage of dealers in an area seen by the typical shopper, the _____ will be the dispersion of the prices _____ relative to their average.
 a. larger; the buyers pay
  b. larger; the dealers quote
  c. smaller; the buyers pay
  d. smaller; the dealers quote

Question 2

The law of diminishing marginal utility states that as additional units are consumed, satisfaction per unit will decline.
 a. True
  b. False
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kdiggy

  • Sr. Member
  • ****
  • Posts: 340
Answer to Question 1

D

Answer to Question 2

False




go.lag

  • Member
  • Posts: 667
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


shewald78

  • Member
  • Posts: 340
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

For a complete list of videos, visit our video library