In Which of the Following Situations Would a Customer Become

question 18

Multiple Choice

In which of the following situations would a customer become more tolerable of weak or poor product performance?

• A) when the customer is in a hurry
• B) when the customer can easily make shopping comparisons among competing products
• C) when the purchase situation is highly involving
• D) when the customer has fewer product alternatives
• E) when the purchase is for a special occasion

Interpret the effects of input increases on average and marginal costs.

Comprehend the relationship between the scale of production and long-run average cost curve shapes.

Understand the impact of scale changes on total, average, and marginal costs.

Recognize conditions for long-run equilibrium in constant cost industries.