This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A perfectly competitive market is characterized by highly advertised goods. a. True b. False ... (Read 64 times)

natalie2426

  • Hero Member
  • *****
  • Posts: 524
on: Jun 30, 2018
A perfectly competitive market is characterized by highly advertised goods.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If utility is not maximized, then:
 a. some change in consumption will increase satisfaction.
  b. no change in consumption will increase utility.
  c. only a change in income will increase utility.
  d. only a change in price will increase utility.
  e. the principle of diminishing marginal utility does not hold.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fffftttt

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

a


natalie2426

  • Member
  • Posts: 524
Reply 2 on: Jun 30, 2018
Excellent

JCABRERA33

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

true story true story
True Forget-Me-Not True Forget-Me-Not
The undersurface of the tongue is highly vascular The undersurface of the tongue is highly vascular
Reconstruction Drawing of Trajan's Market Reconstruction Drawing of Trajan's Market
Modern commercial fishing is highly efficient Modern commercial fishing is highly efficient
What title would chemists give to an orbital characterized by n=8 and 1=4? What title would chemists give to an orbital characterized by n=8 and 1=4?
Video: Endocytosis - pinocytosis, receptor mediated and Transcytosis

For a complete list of videos, visit our video library