Answer:
Substitute goods
Explanation:
A fall in the amount of a suitable replacement triggers a change in production and a change of the quantity demanded. An rise in the pricing of one substitute good induces an increase in demand over the other effect is an increase in the consumption for Omni Cola and a rightward change of the demand curve.
The negative relationship between the quantity of a good, service, or resource and the marginal utility obtained from each additional unit consumed in a given period of time describes diminishing marginal utility.
<h3>What is
diminishing marginal utility?</h3>
Marginal utility is the increase in utility as consumption is increased by one unit.
According to the law of diminishing marginal utility, as more of a product is consumed, utility increases at a diminishing rate. Economic theory suggest that consumption is maximised when marginal utility is equal to marginal revenue.
To learn more about diminishing marginal utility, please check: brainly.com/question/13998299
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Answer:
True
Explanation:
As per the contract details, Melonville Times will telecast and run an advertisement on Friday and in the morning of Saturday, as later during Saturday the sales has to be done.
In case of any failure from Melonvile Times, it is liable to pay $50. Now, by the clause and word enforceable means actionable in real terms.
Since there is a formal written contract between the parties and the purpose of such advertisement and the value in case of any failure is defined, the liquidated damages provided are enforceable.
Note: It is assumed as the organisations are legal and professional all the conditions to make the contract legally valid is true.
Therefore, above stated statement is true.
A job is just a short term thing to get cash and build up experience . a career is a long term pursuit of lifelong ambition . a career you enjoy the rest of your life
