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natulia [17]
1 year ago
6

The law of diminishing utility states that added satisfaction declines as a consumer acquires additional units of a given produc

t. True or false?.
Business
1 answer:
rusak2 [61]1 year ago
4 0

The law of marginal utility states that added satisfaction declines as a consumer acquires additional units of a given product. The given statement is false.

<h3>What is marginal utility?</h3>

Marginal utility, in economics, exists as the additional satisfaction or benefit (utility) that a consumer emanates from buying an additional unit of a commodity or service. Utility stands for the satisfaction or benefits emanated by consuming a product. The marginal utility of a good or service represents how much pleasure or satisfaction exists gained or lost by consumers as a consequence of the increase or decrease in consumption by one unit. There are three classifications of marginal utility.

Diminishing marginal utility directs to the phenomenon that each additional unit of gain shows an ever-smaller increase in subjective value. For example, three bites of candy exist better than two bites, but the twentieth bite does not add much to the adventure beyond the nineteenth.

Hence, The given statement is false.

To learn more about marginal utility refer to:

brainly.com/question/15050855

#SPJ4

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What is say's law in economics
Radda [10]

Answer:

Say's law in economics is the ability to purchase something depends on the ability to produce and thereby generate income.

6 0
3 years ago
The Fish House is expected to pay annual dividends of $1.23 and $1.25 at the end of the next two years, respectively. After that
lorasvet [3.4K]

Answer:

c. $8.05

Explanation:

Calculation to determine What is the value of this stock at a required return of 16.4 percent

First step is to calculate the P2

P2 = ($1.35/.164)

P2= $8.23

Now let calculate the value of the stock

P0 = [$1.23 /1.164] + [($1.25 + 8.23)/1.164^2]

P0 = $8.05

Therefore the value of this stock at a required return of 16.4 percent is $8.05

4 0
2 years ago
In the year, 2005 Janice Quinn sells a five-year-old car to Used Car, Inc. for $3,000. In the same year, Used Car, Inc. resells
Fittoniya [83]

Answer:

$500

Explanation:

The computation is shown below:

Data provided in the question

Sale value of five year old car to used car = $3,000

Now in the same year, the resales value to Ima Goner = $3,500

So, the contribution made in the GDP for the year 2005 is

= Resales value to Ima Goner - Sale value of five year old car to used car

= $3,500 - $3,000

= $500

5 0
3 years ago
At the beginning of the year, manufacturing overhead for the year was estimated to be $285,690. At the end of the year, actual d
pychu [463]

Answer:

the estimated direct labor-hours at the beginning of the year used to calculate the predetermined overhead rate was 22,250 hours

Explanation:

Manufacturing overheads are allocated to production on a predetermined basis as no business can wait to know its profit to properly allocate costs to the products sold.

It is usually based on a certain predetermined activity level (usually direct labour hours) which is then coated into the product material and labor costs to determine its manufacturing costs.

We are told the Actual overhead was over applied by $18,000, and the Actual Manufacturing overhead was $373,620.

This implies the Overhead charged to production was;

$373,620 + $18,000 = $391,620

At an activity level of 30,500 direct labor hours.

The Predetermine direct labour rate is:

$391,620 / 30,500 = $12.84

And this implies the direct labor hours at the beginning of the year is

$285,690 divided by $12.84 = 22,250 hours

7 0
3 years ago
Potentially hazardous foods on their way for delivery to your establishment must be kept at what maximum temperature?
Olegator [25]

Answer:

The correct answer would be option A, 135 Degree Fahrenheit.

Explanation:

Potentially hazardous foods are the foods that require time temperature control to keep them safe and to be used by the humans later even after few days. Potentially Hazardous foods can be Meat( which can be either raw or cooked), Dairy Products like milk, custards or any product prepared from Dairy, Seafood, raw or processed vegetables or fruits, cooked cereals, cooked pastas, cooked rice, etc. These type of foods are called the hazardous foods. All these foods should be treated with a maximum temperature of 135 Degree Fahrenheit in order to keep them safe for further use by people.

8 0
3 years ago
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