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Author Question: Advertising reduces the cost of obtaining a commodity by saving the time spent searching for price ... (Read 135 times)

krzymel

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on: Jun 30, 2018
Advertising reduces the cost of obtaining a commodity by saving the time spent searching for price quotes and other information related to this commodity.
  Indicate whether the statement is true or false

Question 2

If MUX / PX < MUY / PY then this consumer:
 a. will buy less of X and more of Y.
  b. will buy more of X and more of Y.
  c. is in equilibrium.
  d. will buy more of X and less of Y.
  e. will buy less of X and less of Y.


kingfahad97

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

T

Answer to Question 2

a


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