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Anna007 [38]
3 years ago
14

(ECONOMICS)

Business
1 answer:
Oxana [17]3 years ago
6 0

The correct answer is Diminishing Marginal Utility.

When the first unit of goods and service consumption has more utility than the second and continues to reduce great amounts then the marginal utility increase its consumption.

The endowment is where marginal change starts. Across the ranges which are relevant to making decision are the ones which are referred to as diminishing marginal utility. An individual gains when consumption increases for a certain good and then allows an increase in utility.

The value of goods and time preference are good examples of economic phenomena which is numerous. If rate of acquisition increases, there is a decrease in marginal utility. When consumption rise continues then the marginal utility it reaches at point when it lowers up ti zero and this it has reached total maximum utility.

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Is 0.73 greater than 0.75
alex41 [277]
No 0.75 is greater because it ends in a 5 when 0.73 ends in a 3. 5>3
4 0
3 years ago
Larkspur Co. had cost of goods sold of $3,100. If beginning inventory was $3,200 and ending inventory was $1.050. Larkspur's pur
AleksandrR [38]

Answer:

cost of goods purchased= $950

Explanation:

Giving the following information:

Larkspur Co. had cost of goods sold of $3,100.

Beginning inventory was $3,200

Ending inventory was $1,050

<u>To calculate the purchases, we need to use the following formula:</u>

COGS= beginning finished inventory + cost of goods purchased - ending finished inventory

3,100 = 3,200 + cost of goods purchased - 1,050

cost of goods purchased= 950

5 0
4 years ago
According to the Phillips Curve, the greater the aggregate demand for goods and services, the greater the economies output and t
Irina-Kira [14]

Answer:

Lower

Explanation:

If aggregate demand increases, then there will be a decline or decrease in unemployment in any country, even as more workers are hired, real GDP output and price level increases.

Phillips curve is simply a curve that depicts the short-run trade-off between inflation and unemployment.A decrease or a low unemployment correlates with high aggregated demand.

When there is a raise in aggregate demand = higher output + higher price level

On the Phillips curve, more GDP simply means less unemployment and higher price level.

8 0
3 years ago
When competition is present and property rights protected and enforced, market prices will?
Allisa [31]

When competition is present and property rights protected and enforced, market prices will encourage self-interested individuals to develop skills that are expected to be valuable in  the future. A system of well-defined, secure private property rights promotes economic performance and progress.

5 0
4 years ago
If Government (or Investment) spending is increased by $10 with MPC = 0.75, then the multiplier will be _________.
Travka [436]

Answer:

Multiplier = 4

Explanation:

Government spending multiplier denotes the multiplier by which the GDP increases in response to increase in government expenditure.

Government spending has multiple impact depending on the society's overall propensity to consume.

Suppose if government spends USD 1, and consumer A receives USD 1, spends 0.75 out of this USD 1, consumer B receives this USD 0.75 and he also spends 75% of this USD 0.75 he received, this cycle continues until the spending reduces to nil.

Therefore spending multiplier is used to calculate total impact of each USD spent by government. Following is the formula for multiplier

Multiplier = 1 / (1 - marginal propensity to consume)

Multiplier = 1 ( 1 - 0.75)

Multiplier = 4

4 0
3 years ago
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