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Effectus [21]
3 years ago
11

The general pattern that consumption of the first few units of any good tends to bring a higher level of _______ to a person tha

n consumption of later units is a common pattern. utility marginal benefit opportunity cost sunk costs
Business
1 answer:
Natalka [10]3 years ago
6 0
The answer from the given options is "utility".

"Utility" is a financial term which is used in economics and was acquainted by Daniel Bernoulli alluding with the aggregate fulfillment got from expending a good or services. The economic utility of a goods is imperative to comprehend in light of the fact that it will specifically impact the request, and therefore cost, of that goods.
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Match the role with the correct example of someone playing that role.
Dmitry [639]

Answer:

  Role                                  Example

  • Worker              →          Auto mechanic
  • Consumer         →          Car owner
  • Producer           →          Factory owner

Explanation:

Three types of economic<em> roles</em> are <em>consumers, producers, and workers.</em>

The role of the <em>consumer</em> is to buy the goods and services. The sum of the consumptions of a good or a services constitute the demand of the product. Thus, the consumer purchases and use the products, which is a car owner does.

The role of the <em>producer </em>is to produce the good and services. The sum of the quantities produced of a good or service by the different producer of a same product constitute the supply of the product. Thus, the producer posseses the assets to make the products available, which is what a factory owner represents.

The <em>worker</em> puts the labor. The workers are an essential part of an economy too, such as the consumers and the producers,  because they make the goods or service by their own work. The auto mechanic, who works fixing cars, is an example of a person playing the role of worker.

5 0
3 years ago
Read 2 more answers
Keri has already installed Microsoft Office Tools. When she opens Excel, the first step toward making the Analysis ToolPak avail
zhannawk [14.2K]

Answer:

Open Microsoft Office Help.

Go to the Formulas tab and click More Functions.

Explanation:

Select File → select Options → select Advanced → scroll to General → insert the location in the "At startup, open all files in" dialog box.

8 0
3 years ago
Read 2 more answers
When making a major purchase, people should
RoseWind [281]
Consider their future needs, you don’t want to buy something and use all your money if you need other things to
5 0
3 years ago
Read 2 more answers
Drag the tiles to the correct boxes to complete the pairs.
OLEGan [10]

Answer:

The mutual fund charge investors can charge you certain fee which is equivalent to the investment assets percentage. Also, an unofficial benchmark has been fixed to 1 %, though the advisers can take from you a little less or a little more. Hence, if you are investing $200,000. you need to invest $2000 each year as fee. However, the commission varies with product types as well

Explanation:

The mutual fund charge investors can charge you certain fee which is equivalent to the investment assets percentage. Also, an unofficial benchmark has been fixed to 1 %, though the advisers can take from you a little less or a little more. Hence, if you are investing $200,000. you need to invest $2000 each year as fee.

However, the commission varies with product types as well. The ELSS fund requires 4.5%  to 1%, the equity funds requires 0.5 to 2.5% and debt funds require 0.2% to 0.8%.

7 0
3 years ago
Kelly tells Matthew that she will sell him one of her motorcycles at some time in the future. Matthew eagerly accepts. Do they h
WINSTONCH [101]

Answer:

Probably not, because the terms are not definite.

Explanation:

A contract is considered to be valid when there is a written or expressed agreement for one party to deliver goods or services to another.

The terms are clearly stated. For example the price, time of sale, acceptance of price, and so on.

A valid contract has the following elements: offer, acceptance, agreement, and consideration.

In the given scenario where Kelly tells Matthew that she will sell him one of her motorcycles at some time in the future and Matthew eagerly accepts. There is an agreement but there is no specific offer and consideration of price and also the time of transaction.

So the contract is probably not valid because terms are not clearly defined.

3 0
3 years ago
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