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postnew [5]
3 years ago
13

The marginal utility from drinking one more glass of water is likely to be __________ the marginal utility from going to one mov

e.a. The same asb. Greater thanc. Less thand. Declining until it is just greater than
Business
1 answer:
dmitriy555 [2]3 years ago
5 0

Answer:

c. less than

Explanation:

The marginal utility from drinking one more glass of water is likely to be

less than

When you run out of candy or your marginal utility goes to zero you can stop. The law of diminishing marginal utility states that as more of the good is consumed, the additional satisfaction from another bite will eventually decline. The marginal utility is the satisfaction gained from each additional bite.

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This activity is important because any business that offers multiple product lines to multiple market segments is faced with the
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7 0
3 years ago
According to the principles of supply and demand, why is it that as the price of a product increases, the amount supplied will a
Nezavi [6.7K]

According to the principles of supply and demand,  the price of a product increases, the amount supplied will also increase because there is positive relationship between price and quantity supplied.

<h3>Why when price increases supply also increases?</h3>

Economists States that there is a positive relationship between price and quantity supplied—that means a higher price leads to a higher quantity supplied and a lower price leads to a lower quantity supplied.

Principle of supply states that at a higher price, a producer is willing to produce more of a good.

Principle of demand states that at a higher price, a consumer is less willing to purchase a good.

Learn more about the principles of supply and demand here:-

brainly.com/question/1967319

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6 0
2 years ago
As jamal's income rises, his demand for pizza does not change. it follows that, for jamal, pizza is a(n)
irga5000 [103]
<span>The pizza is a neutral good. A neutral good is a good whose demand is not changed even though the income provided by the good is changed. A person's income can go either up or down, but their desire to buy more or less of Jamal's pizza will not change, so pizza sales will not go up or down. Demand and income are not tied to each other.</span>
8 0
3 years ago
1) Markets and competition In a perfectly competitive market, all producers sell___________ goods or services. (perfectly identi
marishachu [46]

Answer:

The answers are,

1) Perfectly Identical

2) many

3)takers

4)false

Explanation:

Lettuce is a commodity that can't be differentiated much based on the product. It can be however, differentiated from branding, packaging, etc.

But since the Lettuce is a broad category, we can assume that it is a competitive market.

Perfectly competitive markets do not really exist in the real world and are more of a hypothetical scenario. However, knowing the concept allows businesses and governments to make sound economic decisions regarding production and consumption.

3 0
3 years ago
Choose as many answers as apply.
finlep [7]
2, 3, and 4, make the most sense to me. I'm not completely sure about 4, but I'm confident about the other two :)
8 0
3 years ago
Read 2 more answers
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