A simple model of information acquisition for shopping predicts ...

[go.lag]

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

[Kdiggy]

Answer to Question 1

D

Answer to Question 2

False

[go.lag]

Great answer, keep it coming

[diana chang]

Thanks for the timely response, appreciate it