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2 years ago

The law of diminishing marginal utility

Business

1 answer:

Verizon [17]2 years ago

8 0

Answer:

The correct answer is option 2.

Explanation:

The law of diminishing marginal utility states that keeping other things constant, as more and more units of a commodity are consumed, it will lead to a decrease in the marginal utility derived from the consumption of each additional unit.

In other words, if a consumer goes on consuming more and more of a commodity, the additional satisfaction derived from the consumption of each unit will decrease.

The total utility will be maximized when the marginal utility from the consumption becomes zero.

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Which of the following is true when developing a brand?

Serga [27]

Make sure the brand conveys what is <em>unique </em>about your company.

If you don't focus on the customer or make your product/brand unique you won't stand out in the marketplace and customers will not want to choose your product.

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3 years ago

Read 2 more answers

Canadian logging companies sell timber in the United States. To the U.S., the timber is a(n)_____, and for Canadians, the timber

klemol [59]

Answer: import; export

Explanation:

Canadian logging companies sell timber in the United States. To the U.S., the timber is an import, and for Canadians, the timber is an export.

An import is a good that is brought into a country and sold from another country while an export is a good that a country sells to other country. Timber is a export to the United States since it's brought from Canada.

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2 years ago

Many firms in the United States file for bankruptcy every year, yet they still continue operating. Why would they do this instea

vladimir1956 [14]

Answer:

see below

Explanation:

A firm may either opt to shutdown or declare bankruptcy if its making losses. A shutdown will involve ceasing operations and disposing of assets to pay creditors. Declaring bankruptcy shields the business from debt obligations or seizing of assets by its creditors.

Many businesses opt to declare bankruptcy because shutting down is costly. Except for properties, other assets are likely to be liquidated at costs below their book value. With the burden of debts shelved for some time, a business has a chance of bouncing back to profitability. A loss-making firm whose price is above the average variable cost should continue operating.

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2 years ago

Acoma Co. has identified one of its cost pools to be quality control and has assigned $140,400 to that pool. Number of inspectio

katrin2010 [14]

Answer:

Acoma Co.

Product 1 Product 2

Quality control cost assigned $58,968 $81,432

Explanation:

a) Data and Calculations:

Cost of quality control = $140,400

Number of annual inspections = 30,000

Cost per inspection = $4.68 ($140,400/30,000)

Product 1 Product 2 Total

Number of inspections 12,600 17,400 30,000

Proportion of inspections 42% 58% 100%

Quality control cost assigned $58,968 $81,432 $140,400

($4.68 * 12,600) ($4.68 * 17,400)

(42% * $140,400) (52% * $140,400)

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2 years ago

When Harriet went away for the summer, Landry, a house painter, painted her house. He had a contract to paint a neighborâ€™s hou

Goshia [24]

No, Because Harriet had no knowledge of the painting for her house, While there was an added benefit. There is no quasi-contract at all.

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3 years ago