Viceroy Vacations is deciding on how to price its vacation packages. Which of the following strategies would you suggest?
a. Price the flight, hotel and car separately
b. Advertise it as an all-inclusive vacation
c. Give them away as free vacations to everyone
d. Close down your company. No one goes on vacations anymore
b
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In the _____, all costs are _____
Fill in the blank(s) with the appropriate word(s).
Which of the following is consistent with the assumptions of marginal utility theory?
A) As Jose consumes more of one good, his marginal utility from consuming more of that good decreases. B) As Jose consumes more of one good, his marginal utility from consuming more of that good increases. C) As Jose consumes more of one good, his marginal utility from consuming more of all goods decreases. D) As Jose consumes more of one good, his marginal utility from consuming more of all good increases.