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Grace [21]
2 years ago
5

As a consumer consumes more of a good or service, the additional satisfaction of consuming the additional units goes down. This

is called the law of:.
Business
1 answer:
Setler [38]2 years ago
5 0

As a consumer consumes more of a good or service, the additional satisfaction of consuming the additional units goes down. This is called the law of diminishing marginal utility.

<h3>What is utility?</h3>

It should be noted that utility simply means the satisfaction that's derived from using a good or service.

In this case, as a consumer consumes more of a good or service, the additional satisfaction of consuming the additional units goes down. This is called the law of diminishing marginal utility.

Learn more about consumer on:

brainly.com/question/380037

#SPJ1

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Hugh buys a new calculator for $125 from the PaperMills stationery store. A week later, he sees an ad from another stationery st
tamaranim1 [39]

Answer:

Hugh's statement is an attempt to reduce his frustration about buying the product at a more expensive price.

Explanation:

Human beings always try to find a reason to justify their actions, even if that particular action was a bad one.

Hugh bought a calculator for $125 from one store and the next week, he saw the same calculator being advertised for a significantly lower amount. He felt cheated and he immediately blamed himself for being cheated when there was a better deal out there. As a way to make himself feel better about the ordeal, he tells himself that the product quality from the second store is always known to be of an inferior quality.

This is a defence mechanism to cover or try to hide our frustrations and anger at things not going our way so we invent something that will make us immediately feel better about ourselves and our decision.

8 0
3 years ago
How can a reduction in taxation be used to influence aggregate demand​
MA_775_DIABLO [31]

Answer:

shifting the aggregate demand curve to the right.

Explanation:

8 0
3 years ago
Karen is a new manager in a department that has several people from different countries and cultures (including Africa, Australi
Lelu [443]

Answer:

A. Karen understans and appreciates religious beliefs of other cultures

Explanation:

Religious belief is part of the cultural elements.

Comprehending and valuing the religious beliefs of other cultures will enable one work effectively with such diverse group of cultures

8 0
3 years ago
Membership in the Knights of Labor was:
Flura [38]

Option C

Membership in the Knights of Labor was:  open to all working people, including employers.

<u>Explanation:</u>

The Knights of Labor was a particularly growing team and the primary leading national labor party in the United States. Most of the utmost earlier associations restrained membership to proficient workers those with specific practice in a craft and white fellows. It dawned as a covert group proposed to defend its members from employer retaliations.

Emigrants, African Americans, and gentlewomen were also esteemed as members. the Knights of Labor gained patron amidst coal excavators in Pennsylvania, and with railroad operators By 1886, the Knights pretended more than 700,000 members everywhere.

6 0
3 years ago
In many cases, companies that enter a market after innovative products have been introduced can achieve long-term competitive ad
yuradex [85]

Answer:

First-mover

Second-mover

Explanation:

A first mover is a provider of product, that achieves a market advantage by being the first type of product to be marketed. Generally, being gets the first firm in the market to get the advantage of the strong market and customer satisfaction.

The "second mover's advantage" is the value of joining others into a business or imitating an old product that a new innovative company gets.

In this case VisiCalc is a First-mover and Microsoft is a Second-mover.

3 0
4 years ago
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