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svetlana [45]
4 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]4 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]4 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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mina [271]
<span>(7C3 * 73C0) / 80C3
 but that = (35 * 1) / 80C3
= 35 / 82160
 = .00043 

For B

</span><span>(7C1 * 73C2 + 7C2 * 73C1 + 7C3 * 73C0) / 80C3
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3 years ago
How can you get a mouse to function properly?
irga5000 [103]

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Explanation:

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3 years ago
Rainbow Co. began operations in 2019 and reported $600,000 in income before income taxes for the year. Rainbow’s 2019 tax deprec
cricket20 [7]

Answer:

30.000

Explanation:

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Timing difference between books and Tax (A) $100,000

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Total Timing deference (C=A+B)  $100,000

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4 0
3 years ago
With current technology, suppose a firm is producing 400 loaves of banana bread daily. Also assume that the least-cost combinati
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Answer:

A) Total revenue = 400 loaves of bread x $2 per loaf of bread = $800

B) Total economic costs = (5 units of labor x $40 per unit of labor) + (7 units of land x $60 per unit of land) + (2 units of capital x $60 per unit of capital) + (1 unit of entrepreneurial ability x $20 per unit) = $200 + $420 + $120 + $20 = $760

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8 0
3 years ago
The terms of an invoice are 3/10, n/25. this means that a ________ of the invoice date.
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The terms of an invoice are 3/10, n/25 this means that a <u>discount of 3% is allowed if the invoice is paid within 10 days</u> of the invoice date.

3/10, n/25 this means that a 10% cash discount is available if the invoice is paid within 10 days, pay the net price if covered within 25 days of the invoice date. Discounts are reductions of the normal fee of a product or service with the purpose to obtain or growing income.

Trade discount refers to the deduction given by using the supplier to the purchaser within the catalog price of the goods. Cash discount implies the allowance granted to the clients by means of the supplier on the billing fee, for immediate payment.

A cash discount also referred to as a purchase cut price or income discount, is a reduction in the purchase fee of an excellent because of an early cash charge. In different words, the seller of products is inclined to lessen the fee of the goods if the purchaser is inclined to pay for the coolest in advance.

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7 0
2 years ago
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