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bagirrra123 [75]
3 years ago
8

The law of diminishing marginal utility:_______a) allows us to make interpersonal utility comparisons. b) tells us that an addit

ional dollar is worth less to a millionaire than to a poor person. c) tells us the worth of an additional dollar of income. d) tells us that an additional dollar of income is worth less than the preceding dollar of income.
Business
2 answers:
Reika [66]3 years ago
7 0

Answer:

A) allows us to make interpersonal utility comparisons.

iogann1982 [59]3 years ago
5 0

Answer:

A) allows us to make interpersonal utility comparisons.

Explanation:

The law of diminishing marginal utility states that as each additional unit of product or service is consumed, the benefit or utility obtained from its consumption diminishes (is reduced).

For example, you are very thirsty and drink a cold Coke. The first glass was great, but if you continue drinking more, the satisfaction you get from drinking Coke reduces until finally you do not even want to drink any more.

The law of diminishing marginal utility is not applicable to money.

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PLEASE HELP ME ILL MAKE YOU BRAINLIEST
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Answer:

C

Explanation:

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You estimate you'll need $200,000 per year for 25 years starting on your 65th birthday to live on during your retirement. Today
Rudiy27

Answer:

$66,909

Explanation:

Calculation for How much must each deposit be (rounded to the nearest $10)?

First step is to calculate the PV using financial y

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3 years ago
On December 1, 2020, Bramble Corporation incurs a 15-year $1300000 mortgage liability in conjunction with the acquisition of an
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The portion of the second monthly payment made on January 31, 2021, which represents repayment of principal is $15600.

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A current liability for

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1 year ago
If the Fed wanted to use all four of its major monetary policy control tools to increase the money supply it would _____.
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sell bonds, increase discount rates and increase reserve requirements

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