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Author Question: In San Francisco there are many restaurants that specialize in a wide variety of cuisines. Patronage ... (Read 33 times)

captainjonesify

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In San Francisco there are many restaurants that specialize in a wide variety of cuisines. Patronage at these restaurants is influenced by factors such as tastes, price, and location. This market is
 
  A) monopolistically competitive. B) oligopolistic.
  C) monopolistic. D) perfectly competitive.

Question 2

Marginal utility is
 
  A) the decrease in total utility from consuming more and more units of a good or service.
  B) the change in total utility a person receives from consuming an additional unit of a good or service.
  C) the change in total utility divided by the price of the last unit of a good or service consumed.
  D) the utility from consuming a given quantity of a good or service.


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reelove4eva

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captainjonesify

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Reply 2 on: Jun 29, 2018
Excellent


mohan

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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