Answered: Market prices are a)irrelevant to a…

Market prices are a)irrelevant to a rational choice b) an indication of how scarce items are c) all money prices divided by themselves d) only important to retailers

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Market prices are

a)irrelevant to a rational choice

b) an indication of how scarce items are

c) all money prices divided by themselves

d) only important to retailers

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