The Advantage of Cigarettes Over Cigars in the Late 1800s

question 88

Multiple Choice

The advantage of cigarettes over cigars in the late 1800s and early 1900s was that __________.

• A)cigarettes were less expensive
• B)cigarettes were viewed as being safer to your health
• C)cigars were rumored to contain contaminating ingredients
• D)smoking cigarettes was viewed as being tough and rugged

---

Definitions:

Substitution Effect

The change in consumption patterns due to a change in relative prices, causing consumers to substitute one good for another more price-friendly option.

Marginal Productivity

The extra output that is produced by using one more unit of a factor, keeping all other factors constant.

Highly Substitutable

Refers to goods or services that are readily replaced with alternatives by consumers due to minimal differences in characteristics or functionality.

Unit Costs of Production

The average cost incurred in producing one unit of a good, calculated by dividing the total cost of production by the number of units produced.