1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Elan Coil [88]
3 years ago
14

The law of diminishing marginal utility

Business
1 answer:
Verizon [17]3 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.

You might be interested in
What is management and leadership​
murzikaleks [220]

Answer:

Management consists of controlling a group or a set of entities to accomplish a goal. Leadership refers to an individual's ability to influence, motivate, and enable others to contribute toward organizational success. Influence and inspiration separate leaders from managers, not power and control.

Explanation:

Hope this helps...

8 0
2 years ago
Read 2 more answers
On July 1, 2017, Crane Inc. made two sales.
nordsb [41]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

4 0
3 years ago
The price elasticity of demand for a particular cancer drug is zero and the price elasticity of supply is 0.50. If a $1 excise t
Ede4ka [16]

Answer:

$1 or 100% of the tax

Explanation:

When the price elasticity of demand is 0, it means that the good or service will be purchased regardless of its cost. Very few things have such a low price elasticity, and the fact that this is drug for treating cancer is the reason why that happens. Anyone that can purchase a drug that will keep you alive, will do so as long as you have enough money to do so. Another good with a very low price elasticity, but not 0, is gasoline with a 0.02 to 0.04, and gasoline is a basic necessity also.

The curve for a perfectly inelastic good is vertical. So any increase in taxes will be paid by the customers.

7 0
3 years ago
Discuss the organizational structure currently used by San’s Consulting and would you recommend the continuous use of this struc
zmey [24]

Answer:

申し訳ありませんが、私はできないので助けられません:-(

Explanation:

6 0
3 years ago
What is the economic process of withdrawing investments from low profit sectors and investing in new activities?
frozen [14]

Answer:

Creative destruction.

Explanation:

In 1942, the term creative destruction was first to be used by the notable Austrian economist known as Schumpeter Joseph.

Creative destruction is the economic process of withdrawing investments from low profit sectors and investing in new activities.

This ultimately implies that, creative destruction is a concerted effort towards the deliberate destruction or dismantling of long standing products, processes, practices, procedures or services in order to give room for innovative ideas and an improved technique for the production (manufacturing) of goods and services. Thus, the old technology or methods of production are dismantled so as to pave way for new technologies, procedures, goods and services.

8 0
3 years ago
Other questions:
  • The stock price of company x doubled over the past year, the stock price of company z decreased by over 50%. if the market is ef
    9·1 answer
  • Food Safety - Potential Hazards (CORE)
    15·1 answer
  • The prepaid insurance account had a beginning balance of $6,600 and was debited for $2,300 for premiums paid during the year. Jo
    9·1 answer
  • 50. Regarding product mix, brand name is a part of A. place. B. price. C. product. D. promotion.
    7·1 answer
  • Sales $9,600,000 Variable Expenses 6,810,000 Contribution Margin 2,790,000 Fixed Expenses 1,926,000 Net Operating Income $ 864,0
    7·1 answer
  • At an activity level of 8,500 machine-hours in a month, Falks Corporation’s total variable production engineering cost is $748,8
    14·1 answer
  • Find the value of n. 394 × n = 3.94
    5·1 answer
  • Which of the following products would most likely be the hardest for a new salesperson to sell?
    7·1 answer
  • how does being mindful of your strengths, skills, weaknesses, and potential challenges or obstacles impact your personal, academ
    9·1 answer
  • The Wiz Co. owes $60 to its bondholders. The company expects to have a cash flow of $136 if the economy continues as is but that
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!