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Author Question: Which of the following statements about advertising is true? a. Advertising lowers the price of a ... (Read 31 times)

natalie2426

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

B

Answer to Question 2

False


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