« previous next »

Author Question: Which of the following statements about advertising is true? a. Advertising lowers the price of a ... (Read 78 times)

natalie2426

  • Hero Member
  • *****
  • Posts: 524
on: Jun 30, 2018
Which of the following statements about advertising is true?
 a. Advertising lowers the price of a product.
  b. Advertising lowers the total cost of obtaining a good.
  c. Advertising has no economic value.
  d. Advertising increases the opportunity cost of time.

Question 2

In utility analysis, it is assumed that marginal utility diminishes as consumption of a product decreases.
 a. True
  b. False
  Indicate whether the statement is true or false


owenfalvey

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Cyanide works by making the human body unable to use oxygen.

true story true story
Adapoids and omomyoids had longer snouts and are the first “true” primates. Adapoids and omomyoids had longer snouts and are the first “true” primates.
Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
Price of Computers, 1982–2010 Price of Computers, 1982–2010
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Video: Cardiac conductile cells

For a complete list of videos, visit our video library