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Author Question: Which of the following is a possible advantage of a free market condition? a. In a free market, ... (Read 133 times)

acc299

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on: Jun 30, 2018
Which of the following is a possible advantage of a free market condition?
 a. In a free market, consumers are offered discounts on the purchase of products.
 b. In a free market, all goods and services are offered for free to households below the poverty line.
 c. In a free market, continuous government intervention helps keep the price of products under control.
 d. In a free market, competition among sellers helps the consumers purchase a product at the lowest possible price.
  e. In a free market, consumers have limited products to choose from, thereby assuring less confusion and better quality.

Question 2

The total utility from consuming five cups of coffee is 15, 27, 37, 46, and 54 utils, respectively. The marginal utility of the fourth cup of coffee is:
 a. 48.
  b. 54.
  c. 9.
 d. 6.


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orangecrush

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

d

Answer to Question 2

c


acc299

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

Dnite

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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