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SVEN [57.7K]
3 years ago
8

Think of three example from your own experience, and explain how they demonstrate the concept of diminishing marginal utility.

Business
1 answer:
rewona [7]3 years ago
6 0
Examples:
1.) Having a stain on your rug there's only so much you can get out before your damaging your rug with cleaner

2.) Babysitting and having the child miss there mom, there's only so much you can do to try to calm him/her down 

3.) Watering plants, if you haven't watered plant in a long time so you give them extra water, if you keep giving the plant extra water it will eventually drown and die.

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A runny nose because when you catch a cold your nose gets runny but it isnt walking
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3 years ago
Kevin has a net monthly income of $5,400.
nata0808 [166]

Answer: $3400 per month

Explanation:

5 0
3 years ago
Pizza and sub sandwiches are substitutes. if the price of pizza decreases, this will cause:______.
gavmur [86]

Pizza and sub sandwiches are substitutes. if the price of pizza decreases, this will cause: an increase in the quantity demanded and no change to the quantity supplied

What are substitutes?

Substitutes are goods that are used as alternatives, which means that the fact the decrease in price of pizza means that the quantity demanded would rise as more are demanded as the price reduces and vice versa.

There would be no change in quantity supplied because price decrease is not favorable for the suppliers of pizzas, since they would want to supply more at a higher price instead of supplying more at  a lower price

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5 0
2 years ago
Provide an example of a closed‐end credit account that Caroline has. (1 point) 
IrinaK [193]
<span>• One source of credit is retail stores, which are department stores (macy's, neiman marcus) that will give you a card that you can use only at that store
• Another source of credit is credit card companies like visa, mastercard, American express, and discover.</span>
3 0
4 years ago
Read 2 more answers
Driver Products recently paid its annual dividend of $2, and reported an ROE of 15%. The firm pays out 50% of its earnings as di
iragen [17]

Answer:

$29.70

Explanation:

Retention ratio = 1 - payout ratio

= ( 1  -0.5 )

= 0.5

Growth rate, g = ROE × Retention ratio

= 0.15 × 0.5

= 0.075

= 7.5%  

Required return = Risk - free rate + [ Beta × (Market rate- risk-free rate) ]

= 2.5% + 1.44 × (11% - 2.5%)

= 14.74%

Intrinsic value = \frac{\textup{D1}}{\textup{(Required return-Growth rate)&#10;}}

=\frac{\textup{2}\times(1+0.075)}{\textup{(0.1474-0.075)&#10;}}

= 29.69 ≈ $29.70

5 0
3 years ago
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