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Author Question: Unlike developed countries, people in under-developed countries usually haggle over the prices of ... (Read 218 times)

deesands

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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

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

C

Answer to Question 2

False


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deesands

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Reply #2 on: Jun 30, 2018
Correct answers!


Tonny

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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