ECO 535 Wk 6 - Practice Wk 6 Practice Questions

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ECO 535 Wk 6 - Practice: Wk 6 Practice Questions Consumers will make a decision to purchase a new product only if it

Multiple Choice 

has a lower marginal utility per dollar spent than another product.

is recommended as a valuable product by other consumers.

increases the total utility they obtain from their limited income.


can be sold at a lower price than that for a competing product.

ECO 535 Wk 6 - Practice: Wk 6 Practice Questions Consumers will make a decision to purchase a new product only if it

Multiple Choice has a lower marginal utility per dollar spent than

another product. is recommended as a valuable product by other

consumers. increases the total utility they obtain from their

limited income. 

can be sold at a lower price than that for a competing product.


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