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svetlana [45]
3 years ago
7

Diminishing marginal utiliDiminishing marginal utility means that A. the price of two hamburgers is twice the price of one. B. t

he total utility from one hamburger exceeds the total utility from two hamburgers. C. beyond a certain​ point, total utility decreases as income rises.ty means that
Business
2 answers:
4vir4ik [10]3 years ago
5 0

Answer: C beyond a certain​ point, total utility decreases as income rises

  • Diminishing marginal utility means that beyond certain point, the total utility from consuming a good decreases, and increasing its consumption monotonically, makes that every additional unit of consumption delivers less utility each time.
  • This is because most behavioral consumers models try to emulate the principle of scarcity: the less available units of a good, the more it values.
  • Then, an increasing income would allow us to buy more and more goods, and because of the existance of diminishing marginal utility, we would get less utility from consuming  additional units of every goods each time.
  • As an <u>example</u>,one could think about eating chocolate. The first bar would give us much happiness (utility), but increasing the number of bars  consumed would eventually vanish this "happiness".

Llana [10]3 years ago
5 0

Answer:

The correct answer is letter "D": Ralph will enjoy his second hamburger less than the first..

Explanation:

The Law of Diminishing Marginal Utility states that the more you consume a good or use a service, the less satisfied you are with each successive use or consumption. The law of diminishing marginal utility is a significant principle in assessing consumer preferences. This assumes consumers are rational and spend money in such a way as to maximize their contentment with each subsequent unit without impacting their overall enjoyment negatively.

Thus, <em>Ralph's full sensation while eating a second hamburger will decrease the marginal utility of continuing eating hamburgers compared to the first hamburger.</em>

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Answer:

the answer is C

Explanation:

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Ken owns a food services company and recently negotiated a contract with a new restaurant chain. the satisfaction ken feels for
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Answer:

Ken owns a food services company and recently negotiated a contract with a new restaurant chain. the satisfaction ken feels for this success is a(n)<u> intrinsic  motivator.</u>

Explanation:

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3 years ago
if you choose between two summer jobs, what is the one you do not choose called? b. opportunity cost c. decision at the margin d
aleksandr82 [10.1K]
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8 0
2 years ago
A negative externality or spillover cost occurs when Multiple Choice the price of a good exceeds the marginal cost of producing
Mekhanik [1.2K]

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  • Spillover costs, commonly referred to as "negative externalities," are losses or harm that a market transaction results in for a third party. Even though they were not involved in making the initial decision, the third party ultimately pays for the transaction in some way, according to Fundamental Finance.
  • An incident in one country can have a knock-on effect on the economy of another, frequently one that is more dependent on it, known as the spillover effect.
  • Externalities are the names for these advantages and costs of spillover. When a cost spills over, it has a negative externality. When a benefit multiplies, a positive externality happens. Therefore, externalities happen when a transaction's costs or benefits are shared by parties other than the producer or the consumer.

Thus this is the answer.

To learn more about spillover cost, refer: brainly.com/question/2966591

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2 years ago
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