Answer:
diminishing marginal rates of substitution.
Explanation:
Based on the information provided within the question it can be said that the principle that captures this is known as diminishing marginal rates of substitution. Like mentioned in the question this refers to the fact that a consumer chooses to replace a product instead of actually buying more. This decreases as you move down the indifference curve as shown below.
 
        
             
        
        
        
Answer:
-4 units
Explanation:
Using the midpoint method, Blake's income elasticity of demand for generic potato chips is given by the change in demand (D) multiplied by his average income (I), divided by the change in income multiplied by the average demand:

Blake's income elasticity of demand is -4 units.
 
        
             
        
        
        
Answer:
($148 million)
Explanation:
Calculation to determine Rapid Pac’s statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2021
 
Cash flow from Investing activities ($ Million)
Proceeds from sale of land 12
 Purchase of Investment (160)
Net cash inflows (outflows) from Investing activities	($148)
Therefore Rapid Pac’s statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2021 will be ($148 million)
 
        
             
        
        
        
<h2>Answer</h2>
B. adds up all the income collected by all the sellers. 
<h3>Explanation</h3>
Calculating GDP via the income approach of the established approaches, the income generated by all factors of production is the most accurate answer for the Gross Domestic Product (GDP) of a country. This therefore establishes that the income generated by factors in the household in exchange of the services or products they have provided to consumers, represent the value of the total goods and services sold in the economy.