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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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The labor-force participation rate is? a. 47.1 percent. b. 50.2 percent. c. 65.9 percent. d. 70.2 percent.
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The labor-force participation rate is 70.2 percent
therefore the correct option is D

What is Labor force?
The labor force is made up of both employed people and unemployed people, and the unemployment rate is calculated by dividing the number of jobless people by the total labor force. If a person works for compensation or runs their own business for at least an hour any day of the week, including the twelfth of the month, they are regarded to be employed. If a person works for compensation or runs their own business for at least an hour any day of the week, including the twelfth of the month, they are regarded to be employed. In a family-run firm, individuals who put in at least fifteen hours of unpaid work are also regarded as employees. Employed people include those who are temporarily away from their work due to a vacation, illness, inclement weather, or other personal reasons. Those who worked full-time (35 hours or more during the survey week) and those who worked part-time are both considered to be in the employed category.

To learn more about Labor Force
brainly.com/question/24939447

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Complete Question
The labor-force participation rate is? a. 47.1 percent. b. 50.2 percent. c. 65.9 percent. d. 70.2 percent, e. none of the above

4 0
2 years ago
List at least four investment alternatives.
Ierofanga [76]
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Mest Company has 9 employees. FICA Social Security taxes are 6.2% of the first $118,500 paid to each employee, and FICA Medicare
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Answer:

Following are the solution to this question:

Explanation:

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7 0
3 years ago
Now consider the relationship between the price level and the quantity of money that people demand. The lower the price level, t
gayaneshka [121]

Answer: less, less

Explanation: considering the relationship that exist between the price level and the quantity of money that people demand. The lower the price level, the less money the typical transaction requires, and the less money people will wish to hold in the form of currency or demand deposits.

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