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mina [271]
3 years ago
14

In economics, why must consumers, businesses, and governments make choices?

Business
1 answer:
Rainbow [258]3 years ago
4 0
Due to scarcity. There exist unlimited wants but only scarce amount of resources to meet those wants so items must be allocated through a system of prices or through exchange. 
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If the commercial is TRUE that every additional bite of food tastes as good as the first, the marginal utility from consuming mo
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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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3 years ago
Common stock​ value: Constant growth The common stock of Barr Labs​ Inc., trades for ​$120 per share. Investors expect the compa
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Dividend growth rate anticipated = 14.66%

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