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Marginal utility is the extra usefulness or satisfaction a person gets from acquiring or using one more unit of a product. Please select the best answer from the choices provided T F
Marginal utility is the extra usefulness or satisfaction a person gets from acquiring or using one more unit of a product.This is TRUE
Expert answered|yumdrea|Points 952|
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Asked 8/22/2013 12:43:01 PM
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Elasticity is the percentage change in quantity divided by the percentage change in _______. a. incomes. c. preferences. b. price. d. demand
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Updated 12/15/2014 7:01:42 AM
1 Answer/Comment
Elasticity is the percentage change in quantity divided by the percentage change in price .




Added 12/15/2014 7:01:42 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by yumdrea [12/16/2014 6:13:24 PM]
Advertising, fashion trends, and new product introductions serve to a. create consumer needs. c. create consumer demand. b. increase income effectiveness. d. minimize the income effect.
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Updated 191 days ago|10/20/2015 7:52:00 PM
1 Answer/Comment
Advertising, fashion trends, and new product introductions serve to: create consumer demand.
Added 191 days ago|10/20/2015 7:52:00 PM
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