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Vsevolod [243]
4 years ago
5

If the commercial is TRUE that every additional bite of food tastes as good as the first, the marginal utility from consuming mo

re of the advertised product must be zero. decreasing. increasing. constant.
Business
1 answer:
zlopas [31]4 years ago
4 0

Answer: If the commercial is TRUE that every additional bite of food tastes as good as the first, the marginal utility from consuming more of the advertised product must be CONSTANT. Option D.

Explanation:

Marginal utility is the additional satisfaction an individual gets, from consuming an additional unit of a product or service.

Therefore, in the scenario given above, if every additional bite of food tastes as good as the first, then the additional satisfaction is just as good as the preceding satisfaction. We can therefore say that the marginal utility gotten from consuming that product is constant.

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Price elasticity for a good depends on the share of a consumer's budget spent on a good. Other things being equal, which of the
kvasek [131]

Answer:

Monthly Cell Phone Bill

Explanation:

Other things being equal, the higher the price of a good relative to a consumer's income, the greater the price elasticity of demand. Hence, the price elasticity of demand for low-priced items, such as thumbtacks and fish food, tends to be lower than the price elasticity of demand for relatively expensive items, such as monthly cell phone bill, that represent a more significant fraction of a consumer's annual income.

Be sure to consider not just the price, however, but also the overall portion of a consumer's annual income spent on an item. For example, one latte costs only $3.00, but for daily coffee drinkers the annual expense could be around $1,000. The elasticity of demand for lattes is therefore likely to be higher than that for other low-priced items (such as thumbtacks) that may need to be purchased only a few times annually.

4 0
3 years ago
An analyst with a leading investment bank tracks the stock of Mandalays Inc. According to her estimates, the value of Mandalays
den301095 [7]

Answer:

The stock is overrated because his intrincis value, 78.54 is below his market price 99.25

This means it is preferable to sale the share before their value drops.

Explanation:

Intrinsic Value 78.54

Market Value 99.25

6 0
3 years ago
Complete each statement describing an essential skill for success in the workplace
Phoenix [80]

Positive attitude. ...

Communication. ...

Teamwork. ...

Self-management. ...

Willingness to learn. ...

Thinking skills (problem solving and decision making) ...

Resilience.

8 0
3 years ago
Transactions Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equip
Ann [662]

Answer:

Oct. 1 2019

Rent Expense$4,200 (debit)

Cash $4,200 (credit)

Oct. 3 2019

Advertising Expense $2,670 (debit)

Cash $2,670 (credit)

Oct. 5 2019

Supplies $1,150 (debit)

Cash $1,150 (credit)

Oct. 6 2019

Office Equipment $17,600 (debit)

Accounts Payable $17,600 (credit)

Oct. 10 2019

Cash $5,730 (debit)

Accounts Receivable $5,730 (credit)

Oct. 15 2019

Accounts Payable $1,680 (debit)

Cash $1,680 (credit)

Oct. 27 2019

Miscellaneous Expense $730 (debit)

Cash $730 (credit)

Oct. 30

Utilities Expense $270 (debit)

Cash $270 (debit)

Oct. 31: Fees earned

Trade Receivable $38,200 (debit)

Fees Earned $38,200 (credit)

Oct. 31: Paid bill

Utilities Expense $460 (debit)

Cash $460 (debit)

Oct. 31: Withdrawal

Jason Payne, Capital $2,900 (debit)

Cash $2,900 (credit)

Explanation:

Note

Cash Drawings reduce the owners interest in their capital accounts and at the same time they reduce the assets of cash.

5 0
3 years ago
Which of the following would not affect the outcome of a job interview?
Lostsunrise [7]

Answer:

d. interviewer’s clothing

Explanation:

A prepared talk where one person asks questions and other people answers is called An interview. In other words, an interview is a situation where someone serves as the interviewer and the other as the interviewee.  

A chat that occurs between someone who applied for a job and the spokesperson of a business that is being done to determine whether the candidate is capable of working is called Job interview.  

5 0
3 years ago
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