Author Question: While purchasing _____ an individual whose cost of time is low will visit a larger number of dealers ... (Read 45 times)

pragya sharda · **on:** Jun 30, 2018

While purchasing _____ an individual whose cost of time is low will visit a larger number of dealers compared to the individual whose cost of time is high.
a. a rare piece of jewelry
b. a refrigerator
c. a pair of jogging shoes
d. a cabinet for keeping books

Question 2

Marginal utility is negative when total utility is increasing.
a. True
b. False
Indicate whether the statement is true or false