Consumers often purchase products that, afterward, they regret purchasing. This can be explained by
A) consumers trying products to determine if their consumer surplus increases.
B) consumers trying products to determine if firm advertising is honest.
C) consumers trying to minimize expenditures.
D) consumers trying to maximize choice.
A
You might also like to view...
The demand curve shows the relationship between quantity demanded and
A) income. B) price. C) supply. D) quantity supplied.
Which of the following statements is true?
A. Neither sunk costs nor the sinking of a cost will affect a decision maker's best choice. B. Both sunk costs and the sinking of a cost will affect a decision maker's best choice. C. Sunk costs will affect a decision maker's best choice, but the sinking of a cost will not. D. Sunk costs will not affect a decision maker's best choice, but the sinking of a cost will.