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Author Question: Economists often weigh the alternatives and determine the best use of resources based on marginal ... (Read 62 times)

maychende

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on: Sep 11, 2018
Economists often weigh the alternatives and determine the best use of resources based on marginal utility.
 
  a. True
  b. False

Question 2

The reduction in the price of a particular style of sweater allows the customer to buy more sweaters. At the lower price, this style of sweater becomes a more attractive option than a higherpriced sweater, jacket, or shirt. This scenario is an example of:
 
  a. Purchasing power c. The substitution effect
  b. Spillover effect d. Merchandising


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chinwesucks

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Reply #1 on: Sep 11, 2018
Answer to Question 1

b Economists often weigh the alternatives and determine the best use of resources
based on marginal analysis.

Answer to Question 2

c


maychende

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Reply 2 on: Sep 11, 2018
Thanks for the timely response, appreciate it

brbarasa

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

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