Your mom has clipped two coupons from the Sunday paper.The first coupon is for a $5 off of a $10 shampoo,and the second one is for a $5 off of a $50 haircut.Your mom says the first coupon is more valuable.
A) You agree, because the first coupon entails a 50% savings versus a 10% savings in the second one.
B) You agree, because the first coupon is for a product, while the second one is for a service.
C) You disagree, because both coupons entail a $5 saving.
D) You disagree, because restaurant coupons are harder to find.
Correct Answer:
Verified
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Q7: Your budget constraint contains _.
A) only those
Q8: Which of the following correctly describes incentives?
A)
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Q14: A consumer's budget refers to the _.
A)
Q15: Which of the following statements is true
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