« previous next »

Author Question: Unlike developed countries, people in under-developed countries usually haggle over the prices of ... (Read 255 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?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Why people don't stop smoking Why people don't stop smoking
The declining age of menarche over the past 150 years has been measured in many European countries, The declining age of menarche over the past 150 years has been measured in many European countries,
A depiction of slaves on a South Carolina plantation, around 1790. Likely of Yoruba descent, they pl A depiction of slaves on a South Carolina plantation, around 1790. Likely of Yoruba descent, they pl
With tough economic times, a lot of people have lost their jobs—and their homes. If this happens, ... With tough economic times, a lot of people have lost their jobs—and their homes. If this happens, ...
Other countries are “Americanizing” their local culture’s diet Other countries are “Americanizing” their local culture’s diet
The medulla and the midbrain are largely developed at birth The medulla and the midbrain are largely developed at birth
Video: Fetal development - Weeks 9 to 38

For a complete list of videos, visit our video library