One of the Problems with the Coolest Cooler Was That

question 71

Multiple Choice

One of the problems with the Coolest Cooler was that:

• A)the USB charger caused electric shocks to several customers
• B)shipping was too expensive for more customers
• C)supporters lost faith over delayed production
• D)they crowdfunded on multiple sites, betraying community guidelines

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Definitions:

Consumer's Spending

The total amount of money spent by individuals or households on goods and services within a particular period.

Income Effects

Changes in consumer behavior as a result of an individual's income changing, affecting the quantity demanded for goods and services.

Optimal Consumption Bundle

The consumption bundle that maximizes a consumer’s total utility given that consumer’s budget constraint.

Budget Constraint

The limitation on the consumption bundles that a consumer can afford, based on income and prices.