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Author Question: A simple model of information acquisition for shopping predicts that, the larger the percentage of ... (Read 73 times)

go.lag

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on: Jun 30, 2018
A simple model of information acquisition for shopping predicts that, the larger the percentage of dealers in an area seen by the typical shopper, the _____ will be the dispersion of the prices _____ relative to their average.
 a. larger; the buyers pay
  b. larger; the dealers quote
  c. smaller; the buyers pay
  d. smaller; the dealers quote

Question 2

The law of diminishing marginal utility states that as additional units are consumed, satisfaction per unit will decline.
 a. True
  b. False
  Indicate whether the statement is true or false


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Kdiggy

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

False


go.lag

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  • Posts: 667
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

meganmoser117

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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