Answer:
The correct answer is option A.
Explanation:
A monopolistic market is a market structure that has a large number of buyers and sellers in the market. The sellers produce heterogeneous or differentiated products which are close substitutes. There are relatively easier entry and exit in the market as compared to a monopoly market.
There is a high degree of competition in the market and the producers use an advertisement to promote their products.
Answer:
Buying in bulk stops being a wise spending choice when the consumer buys more than is needed
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Answer:
In this case the consumer needs to buy one unit of X good and 2 units of Y goods to maximize total utility.
Explanation:
In order to maximize total unity, the consumer needs to buy buy one unit of X good and 2 units of Y. This combination of goods will give the total satisfaction to the consumer with its available resources.
Utility is a meaning, which is used in economics. Which is used for satisfaction and fulfillment. That a consumer receives from the consumption of a particular product or service.
Total utility is the overall or total satisfaction a customer receives through taking a specific good or service.
A. Your monthly student loan payments because you have to pay and you don't earn money from that.
