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S_A_V [24]
3 years ago
13

Customers are usually more willing to pay more for the first unit of a good they purchase than for the​ second, third, or subseq

uent units. This implies that
A. firms are using nonminuslinear price discrimination.
B. typical consumers are irrational.
C. typical consumers have a downward sloping demand curve.
D. firms are unable to determine their​ customers' reservation prices.
Business
1 answer:
Oksana_A [137]3 years ago
7 0

Answer: Option C

Explanation: The given case, illustrates the law of diminishing marginal utility. As per this law, as the consumer consumes more and more of goods the marginal utility from every additional unit tends to decrease.

This makes the demand curve of the individual, slope downward. As the utility satisfaction decreases the price consumer willing to pay decreases .

  Hence from the above we can conclude that the correct option is C.

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When managers determine that an organization is not making sufficient progress toward achieving its goals and objectives and the
Alekssandra [29.7K]

Managers are involved in controlling when they conclude that an organization is not making adequate progress toward reaching its goals and objectives and develop remedial actions.

  • Control is a management activity that aids in the detection of problems and the implementation of corrective actions. This is done to reduce deviation from standards and guarantee that the organization's overall goals are met as desired.
  • Controlling is the process of assessing an organization ’s objectives toward its objectives. It comprises monitoring the implementation of a strategy and correcting errors from that plan.
  • Control management is a process that helps your firm spot problems, make adjustments, and keep project management on track. Control management increases your firm's chances of achieving its goals.
  • Controlling is one of the most important management duties of a goal-oriented organization. Management control approaches are classified into two types: modern and classic control strategies. Feedforward, feedback, and concurrent controls are examples of management control techniques.

Thus the correct answer is controlling.

To learn more about controlling, refer: brainly.com/question/28109846

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7 0
11 months ago
According to Lucas and​ Sargent, workers and firms have rational​ expectations, and therefore if the Fed pursues an expansionary
NeX [460]

Answer:

D. agents will immediately adjust their expectations of inflation up.

Explanation:

Expansionary monetary​ policies are geared towards stimulating economic growth. The Fed can impose lower interest rates or purchase bonds and securities in open market operations as expansionary tools. Lowering interest rates encourages banks and other lending institutions to lend money to firms and households.  

Purchasing bonds and securities adds money to the banking system. The increased money will be loaned out to businesses and individuals. The availability of low-cost credit motivates firms to borrow and expands their business capacities. When households borrow with ease, it leads to an increase in consumption expenditure.  These actions result in too much money in circulation, which is inflation.

4 0
3 years ago
A doctor works in a....​
alex41 [277]

Answer:

Clinic or Hospital

Explanation:

:)

8 0
3 years ago
During the final years of World War II in Europe, American and British bombing raids supported invasions of Italy. destroyed Ger
Oksanka [162]

Answer:

destroyed German factories and cities. were ineffective as German air power grew. were mounted out of bases in the Soviet Union.

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6 0
2 years ago
a pricing tool that focuses on the changes in total revenue and total cost from selling one more unit to find the most profitabl
tigry1 [53]

A pricing tool that focuses on the changes in total revenue and total cost from selling one more unit to find the most profitable price and quantity is called Marginal analysis.

Marginal analysis is an examination of the added benefits of an activity against the incremental costs resulting from the same activity. Businesses use marginal analysis as a decision-making tool to help them maximize their potential revenue. For example, if a company has a budget to make room for another employee and plans to hire another person to work in the factory, marginal analysis indicates that hiring that person provides a net marginal benefit.

To learn more about Marginal analysis, click here.

brainly.com/question/14513809

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5 0
1 year ago
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