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GaryK [48]
3 years ago
13

Because successive units of a good produce less and less additional satisfaction, the price must fall to encourage a buyer to pu

rchase more units of the good. This statement is most consistent with which explanation for the law of demand?A) the rationing function of pricesC) the substitution effectB) diminishing marginal utilityD) the income effect
Business
1 answer:
lubasha [3.4K]3 years ago
6 0

Answer:

B) diminishing marginal utility

Explanation:

The law of Diminishing marginal utility states that utility falls as consumption increases.

The law of demand states that the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

Because of diminishing marginal utility, consumption can be encouraged by reducing price.

As utility falls, consumers would be unwilling to buy more goods at the same price, therefore it would be reasonable to reduce price to encourage consumption.

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ompany X and company Z are planning to merge their business into one and are seeking regulatory approval. What is the most likel
ArbitrLikvidat [17]

Answer: The newly created firms is able to take advantage of economies of scale.

Explanation:

A merger is an agreement whereby two companies come together and pool their resources together in order to form one company and achieve same organizational goals.

One main reason why companies merge together is in order to achieve economies of scale. This is the reduction in cost as a result of the expansion and increase in production level.

4 0
3 years ago
Klumpro, a supplier of organic milk products, sells its products to Sweedinth, a dessert store and Klumpro's long-term customer,
Alexxandr [17]

Answer:

Business relations

Explanation:

Business relations are the connections that exist between all entities that engage in commerce. That includes the relationships between various stakeholders in any business network, such as those between employers and employees, employers and business partners, and all of the companies a business associates with.

8 0
3 years ago
A partnership liquidation occurs when a.a new partner is admitted b.the ownership interest of one partner is sold to a new partn
Sloan [31]

Answer:

Correct answer is d, the assets are sold, liabilities paid and business operations terminated

Explanation:

The partnership liquidation occurs when the day-to-day operation is closed for good. Part of liquidation's process is to sold the partnership's assets and paid all creditors (outside and partners) and divide the excess to the partners based on the profit and loss ratio or if there is still existing obligation to the creditors, the partners will pay it using their personal assets (applicable to general partner only). This stage, the life of the partnership ceased to exist.

4 0
3 years ago
Lena has just become eligible to participate in her​ company's retirement plan. Her company does not match​ contributions, but t
navik [9.2K]

Answer:

Throughout her retirement plan, Lena will still have $206,673.13.

Explanation:

The given values are:

Annual Interest Rate

= 12.00%

Monthly Deposit

= $110

Period

= 25 years i.e., 300 months

Monthly Interest Rate

= 1.00%

Now,

The Accumulated Deposits will be:

⇒  110\times 1.01^{299} + 110\times 1.01^{298}+....+ $110\times 1.01 + $110

⇒  \frac{110\times  (1.01^{300} - 1)}{0.01}

⇒  110\times 1,878.846626

⇒  206,673.13  ($)

8 0
3 years ago
Suppose one U.S. dollar can purchase a half pound of strawberries in the United States. After converting dollar to pesos, one U.
alukav5142 [94]

Answer:

The answer is:

a real exchange rate

Explanation:

The last word in the question seems to be incomplete, I am assuming that the intended word is "represent".

Real Exchange Rate (RER), also known as Real Effective Exchange Rates (REER) is an exchange rate that compares the relative price of the two countries' consumption baskets (what the average consumer buys and its price indicates how much consumers pay for it). It gives information beyond the nominal exchange rate or the relative prices of two currencies. In this example, the RER between the U.S dollar and the Mexican Pesos is used to determine what the U.S. dollar can buy in Mexico, as compared to what that same amount can buy in the U.S. This helps to tell us if a currency is undervalued or overvalued.

8 0
3 years ago
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