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DIANAROSE LISBOS
on Oct 08, 2024

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(Consider This) Newspaper dispensing devices seemingly "trust" people to take only a single paper,but the devices actually rely on the law of:

A) supply.
B) increasing opportunity costs.
C) demand.
D) diminishing marginal utility.

Newspaper Dispensing

A method or machine used for distributing newspapers to consumers, often requiring payment for each paper dispensed.

Diminishing Marginal Utility

The economic principle stating that as a person increases consumption of a product, there is a decline in the additional satisfaction or utility that person derives from consuming one more unit of the product.

Increasing Opportunity Costs

The principle that the cost of forgoing the next best alternative increases as one allocates more resources to a certain activity.

  • Comprehend the role of time and opportunity cost in affecting consumer selections and in maximizing their overall happiness.
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Kamran MoserOct 13, 2024
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