1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
bezimeni [28]
3 years ago
14

As you start consuming potato chips, your marginal utility is very high, but begins to fall slowly until you've eaten 10 chips.

after eating 10 chips, marginal utility decreases even faster with each additional chip. marginal utility continues to decline but remains positive until you've eaten 49 chips. the 50th chip does not give you any additional utility. after 50 chips, your marginal utility is negative.
Business
1 answer:
avanturin [10]3 years ago
7 0

Answer:

The law of diminishing marginal utility.

Explanation:

Marginal utility is basically satisfaction derived from consuming an extra unit of product. According to the law of diminishing marginal utility as consumption increases the marginal utility derived from each additional unit decreases.

So when we consume 1 chips marginal utility is high, then as more is consumed we still get some positive utility out of it but at a decreasing rate now. At some point this utility equals zero after which it starts declining as more chips are consumed because it is not providing any satisfaction now. Therefore the chips should be consumed only up to the point where the marginal utility equal zero.

You might be interested in
Why might you complete a 1040 instead of a 1040EZ
Mekhanik [1.2K]
A. you own a home other options are just qualifications. good luck
7 0
3 years ago
Read 2 more answers
Suppose you are a salesperson for an office supply company. one of your customers left you a message indicating that they were u
Nadya [2.5K]
<span>Listen carefully to what the customer has to say, and let them finish</span>
7 0
3 years ago
Scrum relies on three key roles. A person who acts on behalf of customers to represent their interests and who is responsible fo
seraphim [82]

Answer:

Product Owner

Explanation:

A product owner is an intermediary between the development team and the users . It evaluates a project from the perspective of a customer by finding out what features of a product will satisfy their needs and and works with the development team in realizing it . It acts to represents the interest of the customers by ensuring that the efforts of the development team focused on developing a project that will fulfill the business objective of the project

5 0
4 years ago
Rufus, a supervisor at an automobile store, is considered friendly by his subordinates and has the authority to assign important
Citrus2011 [14]

Answer:

a. Task-oriented

Explanation:

Since Rufus, is already considered friendly by his subordinates and has the authority to assign important work to high performers under his wing, with the only limitation being that he does not chalk out clear objectives for his workers. According to Fiedler's contingency leadership theory model, the leadership styles that Rufus should follow in order to be a better leader is Task-oriented  leadership.

The reason for the above suggestion is that Task-oriented leaders are focused on getting the job done and achieving set goals. These category of leaders are not as bothered about employees as they are about developing clear objectives required for achieving tasks meeting goals.

7 0
4 years ago
Sales $ 2,000,000 100 % $ 500,000 100 % $ 2,500,000 100 % Variable expenses 800,000 40 % 250,000 50 % 1,050,000 42 % Contributio
Sonja [21]

Answer:

$1.5 million

Explanation:

The computation of break even sales in dollars is shown below:

= (Fixed expenses) ÷ (profit volume ratio)

where,  

Contribution margin  = Sales  - Variable expense

= $2,500,000 - 1,050,000

= $1,450,000

And, Profit volume ratio = (Contribution) ÷ (sales) × 100

So, the Profit volume ratio = ($1,450,000) ÷ ( $2,500,000) × 100 = 58%

And, the fixed expenses is $870,000  

Now put these values to the above formula  

So, the value would equal to  

= ($870,000) ÷ (58%)  

= $1.5 million

3 0
4 years ago
Other questions:
  • Sequence the steps for closing entries.
    7·1 answer
  • The text uses __________ as an example of a set of people with a history as a counterculture in the u.s.
    6·1 answer
  • Select the correct definition of the term "comparative advantage." the ability to produce a good or service at a lower opportuni
    15·1 answer
  • You are a project manager for Star Light Strings. Star Light manufactures strings of lights for outdoor display. Its products ra
    13·1 answer
  • Skysong, Inc. has the following inventory data: July 1 Beginning inventory 33 units at $16 $528 7 Purchases 115 units at $17 195
    9·2 answers
  • You observe a closed economy that has a government deficit and positive investment. Which of the following is correct? a. Privat
    10·1 answer
  • Which of the following generate the type of externality previously described? Check all that apply. The city where you live has
    6·1 answer
  • According to the article "Keeping alive the Big Questions" by Jaweed Kaleem, which was presented this week, what are some reason
    5·1 answer
  • In a large metropolitan market, it is relatively easy to set up a law office. The ease of entry explains why you will find hundr
    10·1 answer
  • A memo is a copy of a document transmitted via phone line using a facsimile machine.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!