How does the introduction of cognition into a consumer's choice between healthy and unhealthy food affect marginal utility per dollar and the quantity of healthy and unhealthy food consumed? Assume utility is maximized. 46) _____________
47) When an electronics company advertises in the local newspaper a 10% discount coupon, is this an example of price discrimination? Why or why not? 47) _____________
48) Describe how if a price-fixing game is repeated over and over, the cooperative outcome might be attained. 48) _____________
49) Explain what would happen to the equilibrium price and quantity of oranges if the supply of oranges increased while the demand for oranges decreased. 49) _____________
50) Will a price ceiling always result in a reduction in efficiency? 50) _____________
How does the introduction of cognition into a consumer's choice between healthy and unhealthy food affect marginal utility per dollar and the quantity of healthy and unhealthy food consumed? Assume utility is maximized. 46) _____________
47) When an electronics company advertises in the local newspaper a 10% discount coupon, is this an example of price discrimination? Why or why not? 47) _____________
48) Describe how if a price-fixing game is repeated over and over, the cooperative outcome might be attained. 48) _____________
49) Explain what would happen to the equilibrium price and quantity of oranges if the supply of oranges increased while the demand for oranges decreased. 49) _____________
50) Will a price ceiling always result in a reduction in efficiency? 50) _____________
