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Novosadov [1.4K]
3 years ago
11

The term ___________________ is used to describe the common pattern whereby each marginal unit of a consumed good provides less

of an addition to utility than the previous unit.
Business
1 answer:
Phantasy [73]3 years ago
3 0

Answer:

diminishing marginal utility.

Explanation:

The term diminishing marginal utility is used to describe the common pattern whereby each marginal unit of a consumed good provides less of an addition to utility than the previous unit.

In Economics, The law of diminishing marginal utility states that as the unit of a good or service consumed by an individual increases, the additional satisfaction he or she derives from consuming additional units would start decreasing or diminishing as the units of good or service consumed increases.

<em>For example, buying a chocolate bar and eating it may satisfy your cravings but eating another one wouldn't give you as much satisfaction as the first due to diminishing marginal utility. </em>

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Alin Co. purchases a building for $300,000 and pays an additional $30,000 for closing costs (brokerage, title, attorney fees). A
Yuri [45]

Answer:

The answer is: $350,000

Explanation:

When Alin Co. establishes the total cost of the building it just purchased, it must include all of the following:

  • building's purchase value $300,000
  • associated closing costs $30,000
  • building improvements and renovations $20,000

So the total cost of the building is $300,000 + $30,000 + $20,000 = $350,000

3 0
3 years ago
In order to communicate clearly with a resident who has hearing loss, the resident assistant should:
Tom [10]
The resident assistant should be patient and try to listen carefully when it comes to understanding thr person's needs and wants.
8 0
3 years ago
Upon graduating from college, you make an annual salary of $58,381. You set a goal to double it in the future. If your salary in
Fynjy0 [20]

Answer: 9.20

Explanation:

In finance there is a rule for calculating this called 'The Rule of 70'.

With The Rule of 70, you are able to calculate the amount of time it will take an investment to double if you divide 70 by the growth rate of the investment.

In this scenario, the investment is your salary and the growth rate is 7.61% pee year.

The amount of time it will take to double is therefore,

= 70 / 7.61

= 9.19842312746

= 9.20 years.

It will take 9.20 years to double.

7 0
3 years ago
The fed is often considered the bankers' bank because it:
miss Akunina [59]
Hello there,
[]_________________________________________________________[]

First of all this is a easy one! The "Federal Reserve" is considered the bankers' bank because it <span>holds bankers reserves, provides banks with currency and loans, and clears their checks. Therefore cannot be touched by civilians / citizens.
[]_________________________________________________________[]

Hope I was able to help!
[Mark Brainliest] - Certified Correct?</span>
3 0
3 years ago
Infrastructure is the basic structure used to support an entire __________. A. city B. economy C. government D. population asap
Dvinal [7]

The answer that best fits the blank space in the question is (A) city.

Infrastructure generally refers to <em>the essential facilities and systems that serve an area, which can apply to a city, country, or even smaller regions such as a village</em>.

Infrastructure does not only apply to physical structures such as roads and water supplies, but also to things such as educational programs and emergency services.

3 0
3 years ago
Read 2 more answers
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