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IceJOKER [234]
1 year ago
8

The negative relationship between the quantity of a good, service, or resource and the marginal utility obtained from each addit

ional unit consumed in a given period of time describes:_____.
Business
1 answer:
BartSMP [9]1 year ago
7 0

The negative relationship between the quantity of a good, service, or resource and the marginal utility obtained from each additional unit consumed in a given period of time describes diminishing marginal utility.

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

Marginal utility is the increase in utility as consumption is increased by one unit.

According to the law of diminishing marginal utility, as more of a product is consumed, utility increases at a diminishing rate. Economic theory suggest that consumption is maximised when marginal utility is equal to marginal revenue.

To learn more about  diminishing marginal utility, please check: brainly.com/question/13998299

#SPJ1

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A firm has a Cobb-Douglas production function for its inputs of capital and labor. The firm is currently paying $4 per labor hou
baherus [9]

Answer:

nothing nothing nothing nothing

Explanation:

nothing

5 0
3 years ago
Item 15Item 15If Beck's Bicycles, Inc.'s income statement shows gross profit of $350 million, with operating expenses of $120 mi
Alinara [238K]

Answer:

$161 million

Explanation:

Given that,

Gross profit = $350 million

Operating expenses = $120 million

Tax rate = 30%

First, we need to find out the income before taxes by subtracting operating expenses from the gross profit then we are able to determine net income after taxes.

Income before tax:

= Gross profit - Operating expenses

= $350 million - $120 million

= $230 million

Net income after taxes:

= Income before tax - Taxes

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= $230 million - $69 million

= $161 million

8 0
3 years ago
You are preparing for a 3-month global assignment in Turkey working on an international quality improvement team for your compan
Sergeu [11.5K]

Answer:

The correct answer is letter "C": Geopolitical views of your own (native) country.

Explanation:

According to the excerpt, the purpose of the assignment is improving the quality of a product being manufactured. In that case, it is imperative to first identify what is the geographical and political current situation of the country we are from since this will allow identifying opportunities that can be complemented Turkey's geopolitical opportunities that must be pointed out by their representatives.

8 0
3 years ago
Jan and Sam have all of their 2018 tax documents ready to bring to George to prepare their return. These documents include a W-2
Nonamiya [84]

Answer:

The answer is b. $104,800

Explanation:

W-2 for Jan $52,300+  Sam $48,700 + canceled debt income of $1,800 + state lottery winnings of $2,000 = $104,800

7 0
3 years ago
Cason is filing as single and has 2019 taxable income of $36,000 which includes $34,000 0%/ 15 % / 20% net long-term MID capital
AleksandrR [38]

Answer:

The correct answer of this question is b-200$.

Explanation:

As per tax schedule if income from capital gain is less than 39,375$ 0% tax is charge lieved.

So on his income from capital gain that is 34,000 dollars no tax will be charge. However the remaining income is subject to income tax that is (36000-34000)= 2000 dollars. So Cason is liable to pay tax equals to 200$. (2000*10%)

As per tax law whose income is less than 9,750 dolars is liable to pay tax at the rate of 10%.

5 0
3 years ago
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