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ryzh [129]
4 years ago
11

As a person receives more of a good, the _______________ from each additional unit of the good declines.

Business
1 answer:
KonstantinChe [14]4 years ago
6 0

As a person obtains more of a good, the “marginal utility” from each extra unit of the good declines. Marginal utility is the extra contentment attained by a consumer from consuming one or more part of a good or service provided.

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Answer:

<u>c. Credence attributes</u>

Explanation:

  • Credence is a good that has attributes that cannot be observed by the consumer even after purchasing the thus makes it difficult for them to access its utility such as expert services and medical procedures, automobile repairs, etc.
  • Here the seller has the option to change the quality ad quantity of the price by using his tactics and hence can cheat buyers with an inferior good. Like the automobile repair may be insufficient.
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Either B or D. A and C do not make sense. I think it is B, but i do not know
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If investors expect inflation to increase over the next 20 years and the maturity risk premium is expected to increase over the
olganol [36]

Answer: normal /upward sloping

Explanation:

The yield curve is a curve that shows the relationship that exist between interest rate and time to maturity. According to the expectation theory, it is stated that the yield curve will be upward sloping when there's increase in inflationary expectations.

The slope of the yield curve helps in giving a clue to know the direction of future interest rates. It should be noted that an upward sloping curve means that there is an expectation of higher interest rates in the future.

Therefore, when investors expect inflation to increase over the next 20 years and the maturity risk premium to increase over the next 5 years, the general yield curve will be upward sloping.

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Answer: i would think a, b, or c

Explanation:

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