In monopolistic competition, if a firm advertises and raises its product, it tends to:
A. Raise costs and increase demand for its product
B. Raise costs and decrease demand for its product
C. Lower costs and increase demand for its product
D. Lower costs and decrease demand for its product
A. Raise costs and increase demand for its product
Economics
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Purchases of Huggies diapers should
A) increase in recessions and decrease in expansions. B) decrease in recessions and increase in expansions. C) remain fairly constant over the business cycle. D) increase in recessions and remain constant in expansions.
Economics
The law of diminishing marginal utility states that total utility increases by smaller and smaller increments as more of a good is consumed
a. True b. False Indicate whether the statement is true or false
Economics