II. Directions: Read each statement carefully. Write TRUEif the statement is correct, otherwise write FALSE if the statement is wrong. _1. The average Filipino e-commerce shopper spent USD 18 on online consumer goods purchases in 2018. 2. E-Commerce accounts for USD 3 trillion of the world's economy. _3. One of the advantages of e-commerce is inability to touch the products. _4. Many stores offer a wider array of products online than they carry in their brick-and-mortar counterparts. 5. E-commerce is facilitated through the use of electronic devices such as computers, tablets, and smartphone. _1. The law of diminishing marginal utility means that the total utility increases but at a decreasing rate. 2. Total Utility is defined as the sum of the satisfaction that a person can receive from the consumption of all units of a specific product. _3. Consumers lose satisfaction in a product the more they consume it. _4. People are seldom satisfied with one trip to the shops and always want to consume more. _5. Utility function shows how individuals make choices, subject to how much income they have available to spend, and the prices of goods and services.
II. Directions: Read each statement carefully. Write TRUEif the statement is correct, otherwise write FALSE if the statement is wrong. _1. The average Filipino e-commerce shopper spent USD 18 on online consumer goods purchases in 2018. 2. E-Commerce accounts for USD 3 trillion of the world's economy. _3. One of the advantages of e-commerce is inability to touch the products. _4. Many stores offer a wider array of products online than they carry in their brick-and-mortar counterparts. 5. E-commerce is facilitated through the use of electronic devices such as computers, tablets, and smartphone. _1. The law of diminishing marginal utility means that the total utility increases but at a decreasing rate. 2. Total Utility is defined as the sum of the satisfaction that a person can receive from the consumption of all units of a specific product. _3. Consumers lose satisfaction in a product the more they consume it. _4. People are seldom satisfied with one trip to the shops and always want to consume more. _5. Utility function shows how individuals make choices, subject to how much income they have available to spend, and the prices of goods and services.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
III. Directions: Read each statement carefully. Write TRUE if the statement is correct,
otherwise write FALSE if the statement is wrong.
Transcribed Image Text:I.
ОBJЕCTIVES:
1.Apply business principles, tools, and techniques in e-commerce
I.
ТОРIC: E-COМMERCE
III. Directions: Read each statement carefully. Write TRUEif the statement is correct,
otherwise write FALSE if the statement is wrong.
1. The average Filipino e-commerce shopper spent USD 18 on online
consumer goods purchases in 2018.
2. E-Commerce accounts for USD 3 trillion of the world's economy.
3. One of the advantages of e-commerce is inability to touch the products.
4. Many stores offer a wider array of products online than they carry in
their brick-and-mortar counterparts.
5. E-commerce is facilitated through the use of electronic devices such as
computers, tablets, and smartphone.
1. The law of diminishing marginal utility means that the total utility
increases but at a decreasing rate.
2. Total Utility is defined as the sum of the satisfaction that a person can
receive from the consumption of all units of a specific product.
3. Consumers lose satisfaction in a product the more they consume it.
_4. People are seldom satisfied with one trip to the shops and always want
to consume more.
5. Utility function shows how individuals make choices, subject to how
much income they have available to spend, and the prices of goods and services.
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