it is derived from the government’s Police Power According to United States constitutional law, the police power is the ability of the states to control conduct and uphold law and order on their soil for the benefit of their citizens' general welfare, safety, morals, and general well-being.
<u>What </u><u>elements </u><u>make up </u><u>police power?</u>
- The use of police authority has historically entailed the ability to
- (1) advance public health, morality, or safety, as well as the community's overall well-being;
- (2) create and enforce laws to advance the common welfare; and
- (3) restrict private rights in the public interest.
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It is used to record sounds that you can hear.
Answer:
you should write it just like it says
If a person is highly risk averse, the higher marginal utility associated with a negative outcome outweighs the lower marginal utility from a positive outcome.
<h3>What is marginal utility?</h3>
The extra satisfaction which a consumer receives from possessing one more unit of an item or service is known as marginal utility.
The concept of marginal utility is helps in describing how customers make decisions to get the most out of their limited budgets. In general, until the marginal utility exceeds the marginal cost, consumers will keep buying more of a good.
There are three types of Marginal utility:
- Positive Marginal Utility: When having more of something provides you more happiness, you have positive marginal utility. Assume you regularly eat a piece of cake, however a second piece would bring you even more joy. Then the marginal utility from cake consumption is positive.
- Zero Marginal Utility: It occurs when using more of an item provides no additional measure of satisfaction. For instance, you might feel reasonably full after 2 pieces of cake but not significantly better after a third slice. Your marginal utility on eating cake is 0 in this situation.
- Negative Marginal Utility: It occurs when you have an abundance of an item, and ingesting more is really hazardous. After eating three slices of cake, the fourth piece of cake may potentially make you sick.
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Macroeconomics explains the behavior of individual households and business firms; microeconomics is concerned with the behavior of aggregates or the economy as a whole False.
A member of a business organization that owns or operates one or more branches. "He worked for a brokerage firm," a housing company, a corporation - a trading company whose articles of incorporation are approved in any state. Product design and reliability, services provided by the product, and ease of access. Products; Prices - Each firm faces its own downward slope demand curve as they produce differentiated products.
- Natural resources: Anything taken directly from nature without prior transformation (soil, air, water, wood, etc.).
- Capital: Funds required to invest in tools, machinery, equipment and technology.
- Human Resources: The physical and mental capabilities of workers.
- Entrepreneurship: Innovative ideas that shape business models.
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