Author Question: Economists assume people's tastes are a. determined solely by advertising b. relatively stable ... (Read 106 times)

jilianpiloj · **on:** Jul 1, 2018

Economists assume people's tastes are
a. determined solely by advertising
b. relatively stable over time
c. quite variable
d. irrelevant to utility analysis
e. identical

Question 2

Utility is
a. the sense of pleasure or satisfaction derived from consuming goods and services
b. the cost of acquiring goods and services
c. the profit consumers earn from consuming goods and services
d. the monetary value to consumers of goods and services
e. the desire to consume goods and services