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Oksi-84 [34.3K]
3 years ago
12

Diminishing marginal utility:a. occurs when a consumer buys more of a good as a result of a relative price change.b. occurs when

the additional utility for each good declines as consumption increases.c. occurs when there is a change in purchasing power as a result of a change in the price of a good.d. is the additional satisfaction derived from consuming one more unit of a good or service.e. is the combination of goods and services that maximizes utility for a given income.
Business
1 answer:
Rama09 [41]3 years ago
7 0

Answer:

The correct answer is option b.

Explanation:

The marginal utility is the utility derived from the consumption of each additional unit of the good.

The diminishing marginal utility means the decline in the marginal utility derives from the consumption of a good with each additional unit of good consumed.

It has been observed that as an individual consumes a good the utility or satisfaction derived from the consumption of each unit is lower than the previous unit.

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Why did government spending increase in the 1930s? (Business Cycles)
worty [1.4K]

Answer:

The government spent money to lift the economy out of the great depression

Explanation:

Depression is an extended period of economic downturn. It starts as a recession where the economy experiences declining growth. The GDP value decreases and turns. The economy remains in a subdued state for some years. Depression is associated with massive job losses, closure of businesses, reduced prices, low production, and reduced incomes.

To get the economy out of the economic depression, the government had to apply expansionary fiscal policies to stimulate economic growth and recovery. Increasing government spending is one way of stimulating growth. The government engages in capital intensive projects such as the construction of roads, schools, hospitals, and other public amenities. This creates jobs and demand for materials, resulting in higher GDP.

5 0
3 years ago
Oni makes apple pies for the local bakery. when toni works with an assistant, she produces 60% more apple pies and works 20% few
Georgia [21]
<span>Let us assume Toni made 100 apple pies in 10 hours, that means 10/hour. Now, with help of assistant she produces 60% more and work for 20% less time.
So, [100+(60% of 100)] = 160 apple pies produced in [10-(20% of 10)]= 8 hours.
   160/8 = 20/hour
   So, with the help of assistant Toni's output of apple pies per hour increases by 100%.</span>
8 0
3 years ago
A commercial bank wants to determine if an applicant for a loan is likely to be able to pay its bills as they come due. Which ty
Drupady [299]

Answer: Debt-to-income (DTI) ratio

Explanation: The DTI ratio is one that considers the customer's debt relative to his disposable income (income available for spend after personal income tax deduction). The ratio varies from bank to bank. It is the number one thing a bank considers before granting a loan facility to a customer.

The fact that a customer is paying off all its due loan obligations in a timely manner without any default does not mean he is liable to obtain a loan facility if his DTI ratio is on the high side. If the DTI ratio is on the high side, it means the customer's debt is absorbing the substantial portion of the disposable income. To enable the customer get more facilities, <em>it is expected that the disposable income too should increase or better still if the customer can enhance / increase his earning capacities. </em>

8 0
4 years ago
Which one of the following is a working capital decision?A. How should the firm raise additional capital to fund its expansion?B
svetoff [14.1K]

Answer:

The correct answer is letter "E": How much cash should the firm keep in reserve?

Explanation:

Working capital decisions imply working in capital cycles. They take into consideration interest rates, debtors management, and the company's financing in the short run. The working capital decisions also ensure that the organizations have enough cash to pay its bills and determine how much of the cash flow should be stored in the firm's reserve.

4 0
3 years ago
1. A computer game that can be purchased online and played right away has good ___ utility. A) form. B) info. C) value. D) time
gizmo_the_mogwai [7]
1.) Out of the choices given here, a computer game that can be purchased online and played right away has good time utility. The other choices didn't seem to be a good fit for this particular question. The correct answer is D. 

2.) Hours of labor or the number of workers are common ways of measuring a company's division of labor. The correct answer is A, division of labor. 
6 0
3 years ago
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