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Author Question: Utility is a. easily measured because all people derive the same utility from consumption b. ... (Read 272 times)

naturalchemist

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on: Jul 1, 2018
Utility is
 a. easily measured because all people derive the same utility from consumption
  b. easily measured because it is an objective concept
  c. easily measured because it is a subjective concept
  d. hard to measure because it is a subjective concept
  e. hard to measure because it is an objective concept

Question 2

All of the following are examples of a constant-elasticity demand curve except a(n)
 a. perfectly elastic demand curve
  b. linear demand curve with a slope of -4
  c. perfectly inelastic demand curve
  d. unit-elastic demand curve
  e. vertical demand curve


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djpooyouma

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


naturalchemist

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

amcvicar

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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