1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Debora [2.8K]
2 years ago
13

If the price of product x rises, then the resulting decline in the amount purchased will:_____.

Business
1 answer:
MissTica2 years ago
4 0

If the price of product x rises, then the resulting decline in the amount purchased will<u> increase the marginal utility of this good.</u>

The difference in overall utility that results from consuming one extra unit of a good is known as marginal utility. Economists utilize the idea of marginal utility to estimate the quantity of a good that consumers will buy.

When the overall utility is increased by the consumption of an additional item, positive marginal utility occurs. On the other side, negative marginal utility arises when the overall utility is reduced by the consumption of one extra unit. Progressive taxation are frequently defended using the law of diminishing marginal utility.

Negative, zero, or positive marginal utility are all possible.

Hence, option B is the correct answer

To learn more about marginal utility here,

brainly.com/question/15561406

#SPJ4

You might be interested in
What is land as a factor of production?
marta [7]
Could be cause of trade , if you have land it is also good for crops which is production 
3 0
3 years ago
Calculate the interest for a loan of $10,000 with an interest
Damm [24]

.

interest= PRT

10000*8/100*25/10

=$2000

6 0
2 years ago
On December 31 of the current​ year, Pilozzi Company has the following information​ available:
Aleksandr [31]

Answer:

On December 31 of the current​ year, can the Board of Directors declare and pay a cash dividend of $ 2 ​million

If the company don´'t have enough cash on hand to distribute the previously announced sum to shareholders, it may have to borrow funds to honor the dividend payment.

Explanation:

Companies can pay dividends in  cash or additional shares.

If the company don´'t have enough cash on hand to distribute the previously announced sum to shareholders, it may have to borrow funds to honor the dividend payment.

6 0
3 years ago
Assuming that data mining techniques are to be used in the following cases, identify whether the task required is supervised or
Greeley [361]

Answer:

Supervised and Unsupervised Learning:

a. Unsupervised learning

b. Supervised learning

3. Supervised learning

4. Unsupervised learning

Explanation:

The key difference between supervised machine learning and unsupervised machine learning is that with supervised machine learning there is a training dataset (labeled data) on which the algorithm is trained to predict patterns.  With unsupervised machine learning on the other hand, there is no training data.  So, the algorithm discovers patterns on itself without reference to another labeled data or training dataset.

6 0
3 years ago
Which of the following statements correctly describes the effects of price​ controls? A. They cause demand disruptions and could
velikii [3]

Answer:

Option a and b

Option C                

Explanation:

A . In simple words, price control refers to the  limits on the rates that can be paid for good and services produced in a marketplace that are set up and imposed by central govt.

The purpose behind these restrictions may derive from the need to preserve the availability of products even through skills shortages, and to further delay inflation, or, instead, to help ensure a guaranteed minimum income as well for manufacturers of such products or to seek to obtain a decent living wage.

B. In simple words, due to printing of new currency the supply of money ion the  market would increase which will lead to inflation in the economy which will further lead to loss in value of the existing money in hand on the individuals.

3 0
3 years ago
Other questions:
  • The money being made in a company. A. Obsolesce B. Solvency C. Revenue D. Debt
    6·2 answers
  • QUESTION 5 Which of the following is a primary responsibility of the Federal Reserve Bank? Establish monetary policy Collect tax
    11·1 answer
  • List fol<br> Fuel<br> Products<br> from Plants
    11·1 answer
  • g Which item is an indication of integrity under the Standards of Ethical​ Conduct? A. Recognize and communicate professional li
    11·2 answers
  • At December 31, 2021 and 2020, Miley Corp. had 180000 shares of common stock and 12000 shares of 6%, $100 par value cumulative p
    13·2 answers
  • Capital Radio PLC, the United Kingdom's biggest commercial radio firm announced in 2002 that it would cooperate with Walt Disney
    15·1 answer
  • First National Bank loans Mike’s Shoe Store $100,000 for remodeling. On their balance sheets, this loan is an asset for Mike’s S
    12·1 answer
  • The Assembly Department started the month with 25,100 units in its beginning work in process inventory. An additional 310,100 un
    6·1 answer
  • Harold owns a chain of coffee shops. He hires accountants to summarize the information from his company's business transactions
    7·1 answer
  • What are some factors that explain why people save for the future? (check all that apply.)
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!