Joe should decrease his consumption of crackers and his marginal utility from crackers will increase and also increase his consumption of cheese and his marginal utility from cheese will decrease .
<h3>What happens to marginal utility when consumption decreases?</h3>
According to the Law of Diminishing Marginal Utility, the additional utility derived from increasing consumption declines with each additional increase in consumption level.
What happens to marginal utility when consumption increases?
According to the law of declining marginal utility, when consumption rises, the marginal utility gained from each extra unit decreases, all other things being equal.
Why does marginal utility decrease as more is consumed?
- Consumers will only purchase more of a specific good if the price drops since they get less satisfaction from consuming more units of that good.
- Thus, the law of diminishing marginal value contributes to the understanding of the law of demand.
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Answer:
c. Working at the theatre and allowing a friend to enter without a ticket
Explanation:
An unethical behavior is when a person acts in a way that is considered to be morally wrong like violating a law or stealing something and an ethical behavior refers to doing the right thing. From the options given:
-Removing a faulty product from the marketplace is doing something good because you are avoiding to deceive a customer with a product that you know that doesn't work properly and it is an ethical behavior.
-Prompt payment of an account payable is something good that you should to do when doing business and it is an ethical behavior.
-Working at the theatre and allowing a friend to enter without a ticket is something wrong because you are letting someone in wjthout paying which violates the rules of the theater and it is an unethical behavior.
According to this, the answer is that the practice that is regarded as being unethical is working at the theatre and allowing a friend to enter without a ticket.
Answer: C. expected change in the option premium for a small change in time to expiration
Explanation: The theta of an option is simply defined as the expected change in the option premium for a small change in time to expiration. When all other variables are kept constant, options generally will lose value the closer it gets to its maturity as such, theta of options measure the rate of decline or decay in the value of an option due to the passage of time (quantifies the risk that time poses to option buyers) and is expressed as a negative value.
Answer:
C: letting yourself be swayed by those who love you.
Explanation:
It is only common knowledge that one cannot be be swayed by those who love you because only then will you be held back from committing to your career path.
