We Know with Certainty That a Consumer Will Buy a Newly

question 211

Multiple Choice

We know with certainty that a consumer will buy a newly introduced product rather than an existing product when the

• A)MU/P of the new product exceeds the MU/P of the existing product.
• B)price of the new product is less than the price of the existing product.
• C)MU of the new product is more than the MU of the existing product.
• D)law of diminishing marginal utility applies to the existing product.

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Definitions:

Nasopharynx

The upper part of the pharynx, connecting with the nasal cavity above the soft palate.

Soft Palate

The flexible, muscular part at the back of the roof of the mouth, separating the mouth from the nasal cavity, instrumental in swallowing and speech.

Right Lung

The larger of the two lungs, located on the right side of the chest, divided into three lobes and responsible for a significant part of respiratory function.

Lobes

Distinct regions into which certain organs or parts of the body, such as the brain and lungs, are divided.