« previous next »

Author Question: Unlike developed countries, people in under-developed countries usually haggle over the prices of ... (Read 217 times)

deesands

  • Hero Member
  • *****
  • Posts: 514
on: Jun 30, 2018
Unlike developed countries, people in under-developed countries usually haggle over the prices of everyday items because:
 a. the cost of production is low.
  b. the products are in general of poor quality.
  c. of the differences in the opportunity cost of time.
  d. adequate substitutes are available.

Question 2

If a consumer is buying three goods A, B, and C, then she will be in equilibrium when total utility from each good is equal.
 a. True
  b. False
  Indicate whether the statement is true or false


Tonny

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

deesands

  • Hero Member
  • *****
  • Posts: 514
Reply #2 on: Jun 30, 2018
Correct answers!


Tonny

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Retinopathy. Illustration of a normal retina (left) and a diseased retina (right). The diseased reti Retinopathy. Illustration of a normal retina (left) and a diseased retina (right). The diseased reti
Countries with the Greatest Oil Reserves Countries with the Greatest Oil Reserves
Countries of Origin of Unauthorized Immigrants to the United States Countries of Origin of Unauthorized Immigrants to the United States
The prefrontal lobotomy procedure developed by Moniz and Lima. The prefrontal lobotomy procedure developed by Moniz and Lima.
Other countries are “Americanizing” their local culture’s diet Other countries are “Americanizing” their local culture’s diet
Life Expectancy in Developed Countries Life Expectancy in Developed Countries
Video: Phases of an Action Potential - Resting Potential, Threshold, Rising, Falling, & Recovery Phases

For a complete list of videos, visit our video library