Author Question: After a decision is completed (particularly a consumer decision) and is being evaluated, _______ may ... (Read 37 times)

jman1234 · **on:** Jul 1, 2018

After a decision is completed (particularly a consumer decision) and is being evaluated, _______ may happen.

a. Postpurchase dissonance
b. Alternative sorting
c. Recriminations
d. Retaining the status quo

Question 2

An expenditure maximizing multi-product firm will set the same relative prices as a welfare maximizing firm.

Indicate whether the statement is true or false

millet · **Reply #1 on:** Jul 1, 2018

Answer to Question 1

A

Answer to Question 2

F The expenditure maximizing firm will make full use of demand elasticity differences across its services, whereas the welfare maximizing firm will effectively increase all elasticities so they have less effect on price markups.