Refer to the table below. Based on the data, you can conclude that the consumer:
The table below shows a consumer's utility schedule.
A. Receives increasing marginal utility from consuming the first three units
B. Experiences diminishing marginal utility after consuming the first unit
C. Experiences diminishing marginal utility only after consuming the fourth unit
D. Will never consume just one unit of the product
A. Receives increasing marginal utility from consuming the first three units
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Claudia went to a department store to buy a few things for her new house. She found out that several items in the store were on discount and decided to make the most of the deals offered
However, as she started using the things that she bought, she realized that many of these items were defective. This happened due to: A) the presence of positive externalities. B) the presence of negative externalities. C) asymmetric information. D) moral hazard.
Insurance companies use deductibles and coinsurance to reduce moral hazard
Indicate whether the statement is true or false