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denpristay [2]
3 years ago
6

The concept of diminishing marginal benefits states that A. the more you pay for a​ good, the less benefit you receive. B. the m

ore you consume of a​ good, your willingness to pay for an additional unit declines. C. the more you pay for a​ good, the greater the benefit you receive. D. the more you consume of a​ good, the less benefit you receive.
Business
1 answer:
mariarad [96]3 years ago
8 0

Answer:

Option D,the more you consume of a good,the less benefit you receive, is the correct answer.

Explanation:

The law of diminishing marginal benefits or law of diminishing marginal utility states and I quote" The marginal utility from an additional unit of consumption declines as the quantity of consumed goods increases"

Satisfaction from consumption is at peak at early stage of consumption.

Consider yourself as been thirsty,hence,the satisfaction you derive from first bottle of soft drink is high since that is when thirst is high,compared to a lower satisfaction from second bottle which was just taken for fun and not to quench thirst.

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Suppose that a borrower and a lender agree on the nominal interest rate to be paid on a loan. Then inflation turns out to be low
Alla [95]

Answer:

1) False

when the inflation is lower than expected, the real interest rate will be higher, since

real interest rate = Nominal interest rate - inflation.

2) Gains

In case of unexpected lower inflation the lender gains and the borrower loses.This is because real value of the loan increases due to lower inflation.

3) Loses

In case of unexpected lower inflation the lender gains and the borrower loses.This is because real value of the loan increases due to lower inflation.

6 0
3 years ago
Read 2 more answers
According to growth accounting studies, investing in research and education Group of answer choices is the best way to achieve g
kobusy [5.1K]

According to growth accounting studies, investing in research and education is the best way to achieve greater technological progress.

<h3 /><h3>What is growth accounting?</h3>

It corresponds to a metric to identify which are the factors that most impact economic growth, also finding the rate of technological progress of a business.

Therefore, the greater investment in research and education, the more effective growth accounting measurements will be for identifying technological progress.

Find out more about growth accounting here:

brainly.com/question/15093997

#SPJ1

4 0
2 years ago
Jeff jones earns $1,200 per week. he is married and claims four withholding allowances. the social security rate is 6.2% on $118
myrzilka [38]
<span>Answer: Gross Pay: $1200 Less Health Ins: (42.50) Taxable Pay: 1157.50 SS Tax: 71.77 (1157.50 *.062) Medicare Tax: 16.78 (1157.50 *.0145) FIT: 91.79 Net Pay: 977.17 FIT calcualted as follows: Taxable less allowances (1157.50 less (71.15*4) = 872.9 (872.9 * .15)-39.15 = 91.79</span>
4 0
3 years ago
A machine was not properly set-up/calibrated which caused a wide variation of quality of the products it produced. This type of
vovangra [49]

Answer:

Hi you haven't provided the options to the question so I will just give the answer in my own words and you can check with the options.

Answer is ASSIGNABLE VARIATION.

Explanation:

Variation is a lack of consistency. It can introduce waste and errors into a process, for example, a manufacturing process.

There are two sources of variation which are:

1. Natural variations: are random variations that are expected and are a part of almost every production process which results from a number of chance causes.

2. Assignable variations: are trend factors that can be traced to a specific reason, such as machine tear, fatigued workers or untrained workers, flawed principles, equipment that is not properly adjusted or calibrated, or raw material problems.

According to the question, a machine was not properly set-up/calibrated which caused a wide variation of quality of the products it produced. Since the cause (improper setup/calibration) can be traced to a specific reason, therefore, the type of variation is an example of ASSIGNABLE VARIATIONS.

6 0
3 years ago
The law of demand states that:
denis-greek [22]

Answer: The law of demand States that as price falls, quantity demanded increases and vice versa. (A).

Explanation:

In Economics, the law of demand states that all other things being equal; as the price of a good or commodity or service increases (↑), the quantity of the good/service demanded declines (↓); also, as the price of a good/service declines (↓), the quantity demanded increases (↑).

In other words, the law of demand shows an inverse relationship between the price and quantity demanded of a good/service.

Consequently, other things being constant, the quantity demanded of a good/service is inversely proportional to the price of the good/service.

For example if the price of a luxurious car falls it would motivate the buyers to rush to get a car. This law of demand is also used by marketers to attract buyers by the use of discount on goods.

6 0
3 years ago
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