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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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Barbara owes arturo $2,000. on july 1, arturo assigns the debt to charles. thereafter on july 15, arturo assigns the same right
Alecsey [184]

Answer:

c.under the english rule, dennis has priority.

Explanation:

English rule is define as a an assessment related to a lawyer's fees when a litigation takes place.

The party that loses a case is obligated to.pay the legal fees of the other party.

On the other hand the American rule requires each party to pay it's own legal fees.

Beneficial ownership of a debt can be assigned, even though legal ownership cannot be assigned. An equitable assignment takes precedence over legal assignment.

In this scenario Dennis receives assignment of a debt from Charles, and is not aware of the first assignment (Arturo to Charles), so he is given priority

7 0
3 years ago
Amy, a baker, has found her dream home, but cannot afford the down payment. amy's brother agrees to loan her $30,000 for the dow
MA_775_DIABLO [31]

She wouldn't owe her brother any money because an agreement to accept different performance in lieu of full payment of liquidated debt is binding.

Hopefully it helps.

4 0
3 years ago
The following financial statement data are for the year ending December 31 for Agency Company: Sales $200,000 Total assets: Begi
azamat

Answer:

1.25

Explanation:

asset turnover ratio = net sales / average total assets = $200,000 / [($170,000 + $150,000) / 2] = $200,000 / $160,000 = 1.25

Asset turnover ratio is a useful indicator of a company's efficiency, since it measures total sales relative to total assets. A company that uses its assets to generate sales more efficiently will have a higher asset turnover ratio.

5 0
3 years ago
The opportunity cost of attending college is:
Sidana [21]

Answer:

1. lost wages from not working full time.

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

A person usually has to decide between working and going to school.

If the person decides to go to school, the opportunity cost is the wages forgone .

Travel expenses, tuition, and books are the real costs of attending college .

I hope my answer helps you

8 0
3 years ago
​The steps in the process of stereotype formation and maintenance in order are:
Brilliant_brown [7]
Expectations, categorization, inferences, maintenance.

Categorization, inferences, expectations, maintenance.

Inferences, categorization, expectations, maintenance.

Categorization, expectations, inferences, maintenance

4 0
3 years ago
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