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natima [27]
3 years ago
6

Economists refer to this pattern, the ___________________________________, which means that as a person receives more of a good,

the additional or marginal utility from each additional unit of the good declines.
Business
1 answer:
DochEvi [55]3 years ago
8 0

Answer:

The law of diminishing marginal utility

Explanation:

Simply put, as more (additional unit) of a good is consumed the lesser the marginal utility or satisfaction derived.

For example, a child might request a certain type of chocolate form his parents for a period of time.

After sometime, the child may buy less and choose another type of chocolate or prefer to buy cake instead because the satisfaction he initially got from the chocolate is diminishing.

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Economies of scale exist when the_____ Group of answer choices total cost of production falls as the output increases. cost of p
nataly862011 [7]

Answer:

Cost of producing a unit of a good falls as its output increases.

Explanation:

Companies achieve economies of scale when their production costs per unit decrease as the company uses fewer inputs to produce one unit of product.

For example, a company produces 10,000 units with a total cost of $20,000 (cost of producing one unit is $2). If the company increases its total production to 15,000 units with a total cost of $25,000 (cost of producing one unit is $1.67).

3 0
3 years ago
As part of the initial investment, ray blake contributes equipment that had originally cost $125,000 and on which accumulated de
Zielflug [23.3K]
Given:
Original cost of contributed equipment : 125,000

Accumulated depreciation of contributed : 100,000

Value of similar equipment : 150,000

Agreed upon valuation of contributed equipment : 29,000

The amount that should be debited to the equipment account is 29,000.

It is the current value of the contributed equipment as agreed upon by the partners.
6 0
4 years ago
When researching a specific employer, what information should you be looking for?
SashulF [63]

Answer:

When researching a specific job What information should you be looking for?

7 Things to Research Before Any Job Interview

The skills and experience the company values. ...

Key players of the organization. ...

3. News and recent events about the employer. ...

The company's culture, mission, and values. ...

Clients, products, and services. ...

The inside scoop. ...

The person interviewing you.

Explanation:

8 0
4 years ago
Read 2 more answers
4-55 A firm expects to install smog control equipment on the exhaust of a gasoline engine. The local smog control district has a
Kruka [31]

Answer:

the  amount that should be paid is $11,292

Explanation:

The computation of the amount that should be paid is shown below:

Present worth is

= $10,000 + $75(P/A, 6%, 10) + $25(P/G, 6%, 10)

= $10,000 + $75 × 7.3601 + $25 × 29.6023

= $11,292

Hence, the  amount that should be paid is $11,292

We simply applied the above calculation

8 0
3 years ago
Without using calculus or any other advanced math, the MS Solver plug-in can be used to find the input value for x that results
erik [133]

Answer:

The weekly revenue is maximum at x=1.67.

Explanation:

The given function is

f(x)=1000x -300x^2         .... (1)

where, f(x) is the total revenue at price x.

We need to find the price x at which the weekly revenue is maximum.

The leading coefficient of the given function is -300, which is a negative number. So, it is a downward parabola and vertex of a downward parabola is the the point of maxima.

If a parabola is defined as

g(x)=ax^2+bx+c           ... (2)

then the vertex of the function is

(-\frac{b}{2a},g(-\frac{b}{2a}))

From (1) and (2) it is clear that

a=-300,b=1000, c=0

The given function is maximum at

-\frac{b}{2a}=-\frac{1000}{2(-300)}

-\frac{b}{2a}=\frac{10}{6}

-\frac{b}{2a}=1.66667

-\frac{b}{2a}\approx 1.67

Therefore the weekly revenue is maximum at x=1.67.

4 0
3 years ago
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