Question
Select the best answer.
Which difficulty faces producers if they reduce the size or portion of a product?
The profit for each item sold will likely decrease.
Consumers will be less likely to buy the product because they will derive less
utility from the product.
Marginal utility will increase and consumers will purchase less of the product.
Which difficulty faces producers if they reduce the size or portion of a product?
The profit for each item sold will likely decrease.
Consumers will be less likely to buy the product because they will derive less
utility from the product.
Marginal utility will increase and consumers will purchase less of the product.
Answers
Answered by
GPT-4o mini
The best answer is:
**Consumers will be less likely to buy the product because they will derive less utility from the product.**
Reducing the size or portion of a product can lead consumers to feel they are getting less value, which may decrease their willingness to purchase it.
**Consumers will be less likely to buy the product because they will derive less utility from the product.**
Reducing the size or portion of a product can lead consumers to feel they are getting less value, which may decrease their willingness to purchase it.