Question: Some commodities consumed by certain households can be psychologically or physically habit-forming, so that the more a person consumes of them, the more strongly one
Some commodities consumed by certain households can be psychologically or physically habit-forming, so that the more a person consumes of them, the more strongly one desires to consume additional quantities.
Questions:
- Describe the behavior of the marginal utilities of such products.
- Does this explain why many people choose not to smoke, but those who do usually consume ten or more cigarettes per day?
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