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Author Question: A perfectly competitive market is characterized by highly advertised goods. a. True b. False ... (Read 72 times)

natalie2426

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on: Jun 30, 2018
A perfectly competitive market is characterized by highly advertised goods.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If utility is not maximized, then:
 a. some change in consumption will increase satisfaction.
  b. no change in consumption will increase utility.
  c. only a change in income will increase utility.
  d. only a change in price will increase utility.
  e. the principle of diminishing marginal utility does not hold.


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fffftttt

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

False

Answer to Question 2

a


natalie2426

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

bassamabas

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Reply 3 on: Yesterday
Wow, this really help

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