DQuestion 28 1 pts In a market economy, goods and services are distributed accor

Question

DQuestion 28 1 pts In a market economy, goods and services are distributed according to: O the govemment O the consumer's ability to py O a person's political connection O goods are distributed by trucking firm D Question 29 1 pts The concept of marginal utility is important because it describes a consumer's willingness to pay it determines when total utility is maximized it helps consumers make incremental purchase decisions O all of the above are reasons for the importance of marginal utility 1 pts Question 30

Explanation / Answer

Ans 28)

In Market Economy Market Prices play an important role of clearing the markets. In this clearing process consumers ability to pay plays crutial hand

Hence option B is correct response

Ans 29)

Marginal Utlity diminishes as consumption of good increases which helps to determing the incremental consumption of goods to consumer hence option C is correct response

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