Which of the following can be a signal of product quality to customers?
a. Discounts offered on bulk purchases of the product.
b. Gift of complementary products offered to purchasers.
c. The information provided by the salesperson about the product.
d. A warranty provided along with the product.
D
Economics
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If E$/£ increases by 20%, this is consistent with an increase from:
a. 4 to 5. b. 4 to 6. c. 5 to 6. d. 4 to 7.
Economics
Larry consumes at a point on his budget line where his marginal rate of substitution is less than the magnitude of the slope of his budget line. As Larry moves toward his consumer equilibrium point, he will move to a
A) lower budget line. B) higher budget line. C) lower indifference curve. D) higher indifference curve.
Economics