Which Type of Consumer Product Requires Comparison Shopping Because It

question 171

Multiple Choice

Which type of consumer product requires comparison shopping because it is usually more expensive than a convenience product and is found in fewer stores?

• A) unsought product
• B) secondary product
• C) unique product
• D) shopping product
• E) selective product

---

Definitions:

Marginal Revenue Product

Marginal Revenue Product measures the additional revenue generated from employing an extra unit of a resource.

Marginal Revenue Product

The additional revenue generated from using one more unit of a particular input, holding all other inputs constant.

Variable Input

Inputs or resources whose quantity can be changed in the short run to increase or decrease production.

Wage Rate

The standard amount of pay given for work performed, often expressed as an amount per hour, day, or other unit of time.