Which of These Factors Help Popularize Smoking in the United

question 83

Multiple Choice

Which of these factors help popularize smoking in the United States?

• A) ready-made cigarettes
• B) the development of a "blended" cigarette
• C) the low cost of cigarettes
• D) both a and b

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Definitions:

Diminishing Marginal Utility

The principle that as an individual consumes more of a good, the utility (satisfaction or benefit) gained from each additional unit decreases.

Total Utility

The overall satisfaction or value a consumer receives from consuming a particular quantity of a good or service.

Marginal Utility

The extra pleasure or benefit obtained from consuming an extra unit of a product or service.

Total Utility

The complete gratification gained from the use of a certain quantity of goods or services.