Answer: a constant standard of living
Explanation:
Answer:
Your correct answer ia A. debit to purchases
Explanation:
PLEASE MARK BRAINLIEST!!!
Answer:
The correct answer is option b.
Explanation:
The fixed costs refer to that part of the cost of production which is not affected by the volume of activity. The total fixed cost remains constant in the entire production process.
The fixed cost per unit is the ratio of total fixed costs and the level of output. It increases with a decrease in level of activity.
The variable cost is the cost incurred on the variable inputs employed in the process of production. As the level of activity declines the number of variable factors employed will also decline. This will cause the total variable cost to decrease.
Answer:
<h2>Diminishing marginal utility of wealth implies that it has a decreasing slope and is risk averse.Hence,the correct answer is the second last option or has a decreasing slope and person is risk averse.</h2>
Explanation:
Diminishing marginal utility of wealth implies increasingly lower utility or satisfaction obtained from accumulation of 1 more unit of wealth,money or income.Therefore,as we earn more and more income or wealth,the marginal utility or satisfaction falls gradually.This is the reason most people obtain higher satisfaction as they earn higher income or wealth initially rather than at the later stages of their employment or lifetime.It indicates the downward slope of the total utility curve of wealth or money.
This phenomenon or tendency also explains the risk averse behavior of any rational individual.As based on the diminishing utility concept,the people value money much more during the initial stages of their earnings,they will be much more protective or cautious about any potential financial risk or emergency.The higher personal importance or value of money would compel people to be more risk averse for relatively huge or large financial losses than the smaller ones which exhibits their risk averse behavior pertaining to money or wealth loss.
