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
Andreyy89
3 years ago
12

As a person consumes more of a good or service, the person's _____ will increase. At the same time, this person's _____ will dec

rease with each additional unit.
Business
1 answer:
zalisa [80]3 years ago
7 0

Answer:

Total utility

Marginal utility

Explanation:

Total utility is the total satisfaction derived from a particular activity. As consumption increases, total utility increases at a decreasing rate.

Marginal utility is the utility derived from one more unit of consumption. As consumption increases, the satisfaction derived falls.

For example, the marginal utility a man who is extremely thirsty would derive from the first bottle of cold water would be the highest. The utility he derives from additional bottles of water would successively decrease.

The law of diminishing marginal utility states that as consumption increases, marginal utility falls.

I hope my answer helps you

You might be interested in
Tri-State Mill uses a special sander to finish lumber. Data on the sander and its usage follow. Cost Driver Rate Cost Driver Vol
Nadusha1986 [10]

Answer and Explanation:

The computation of the unused resource capacity in energy and repairs for Tri-State Mill. is shown below;

For energy

= $6,900 - 6,000 × $0.90

= $6,900 - $5,400

= $1,500

For repairs

= $12,000 - 600 × $16

= $12,000 - $9,600

= $2,400

Hence, the unused resource capacity in energy and repairs for Tri-State Mill. is $1,500 and $2,400 respectively

7 0
3 years ago
Give an example of a situation in which a surplus of a product led to decreased prices. similarity, give a example of a situatio
andrew11 [14]

Answer:

Give an example of a situation in which a surplus of a product led to decreased prices. similarity, give a example of a situation in which a shortage led to increased prices. what eventually happened in each case? why?

In the course of having surplus of a product which decreases the price, this happens as a result of high competition as there many people selling the same products which in turns leads to crash in price in order to make sales and little profit.

while product shortage or scarcity happens as a result of decrease in resources or decrease in supply, hence; results into scarcity of products which eventually aids increment of price

Explanation:

3 0
3 years ago
What type of control focuses on measuring a company’s products territories, customer groups, segments, trade channels, and order
suter [353]
The right answer for the question that is being asked and shown above is that: "Activity." The type of control focuses on measuring a company’s products territories, customer groups, segments, trade channels, and order sizes to help expand or eliminate any products or marketing activities is called the <span>Activity </span>
7 0
3 years ago
Should a president be held responsible for an underperforming economy?
Lana71 [14]
Yes he should be because people had higher expectations
3 0
3 years ago
Which of the following tasks in the AFIstrategy framework involves putting the formulated strategy into practice through organiz
ahrayia [7]

Answer:

The answer is B.strategy implementation

Explanation:

Implementation involves putting the formulated strategy ; organizational design, structure, culture, control

3 0
3 years ago
Other questions:
  • You are exploring a career in nursing in the state of MA. The average hourly wage for a RN is $33.37. You are planning to work 4
    13·1 answer
  • Which of the following best describes the unit price of an 8-ounce bag of walnuts? It is the number of ounces that can be bought
    9·2 answers
  • Illinois​ Furniture, Inc., produces all types of office furniture. The​ "Executive Secretary" is a chair that has been designed
    10·1 answer
  • Which change is illustrated by the shift taking place on this graph?
    10·2 answers
  • A new business has total net sales of $5,000 and the cost of goods sold is $3000. What is the total gross margin from sales?
    9·1 answer
  • How can social media endanger the safety of military service members and journalists?
    5·1 answer
  • The efforts of employees who work directly to convert direct materials into the finished product are referred to as ______
    10·1 answer
  • Pilgrim Company applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under
    8·1 answer
  • In Year 1, Lee Inc. billed its customers $62,000 for services performed. The company collected $51,000 of the amount billed. Lee
    15·1 answer
  • For the fed there must be a _____________ between maintaining banking stability for the nation and allowing individual banks to
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!