Author Question: Advertising reduces the cost of obtaining a commodity by saving the time spent searching for price ... (Read 138 times)

krzymel

  • Hero Member
  • *****
  • Posts: 548
Advertising reduces the cost of obtaining a commodity by saving the time spent searching for price quotes and other information related to this commodity.
  Indicate whether the statement is true or false

Question 2

If MUX / PX < MUY / PY then this consumer:
 a. will buy less of X and more of Y.
  b. will buy more of X and more of Y.
  c. is in equilibrium.
  d. will buy more of X and less of Y.
  e. will buy less of X and less of Y.



kingfahad97

  • Sr. Member
  • ****
  • Posts: 308
Answer to Question 1

T

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

For a complete list of videos, visit our video library