Advertising serves no productive purpose and is thus welfare decreasing.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Newspaper vending machines illustrate that publishers believe
a. the average utility of two identical papers is zero or less b. the total utility from two identical newspapers is zero or less c. the marginal utility of a second identical newspaper is zero or less d. the marginal utility of a second identical newspaper is greater than the marginal utility of the first newspaper e. the total utility from two identical newspapers is less than the total utility from the first newspaper
If an increase in the price of Good A causes an increase in the demand for Good B, Goods A and B are said to be complements
a. True b. False Indicate whether the statement is true or false
Which of the following is a legal entry barrier established by government?
a. Patents. b. Copyrights. c. Government franchises. d. All of the above.
To say people respond to incentives means that people may alter their decisions when the costs and benefits of an action change
a. True b. False Indicate whether the statement is true or false