Answer:
Marginal utility of the additional units will turn negative
Explanation:
As total utility has reached a maximum level, adding additional units of the same product will generate the total utility to decrease thus, the marginal utility of this additional products is negative as they made the utility of the consumer to decrease.
The diminish return theory state that:
The units increase utility at a decreasing rate and then, they reach a maximum of utility afterwhihc, additional units do not generate utility, they decrease it
Answer:
3. Canada has a comparative advantage, relative to other countries, in producing baseball bats.
Explanation:
Comparative advantage is the ability of the country to produce good or services for a lower opportunity costs for example the oil producing countries have comparative advantage in chemicals.
Options 1,2 and 4 are incorrect .
Absolute advantage is the ability of a country or region to produce greater quantity of units with the same no of inputs in the same time.
Unemployed people usually buy fewer things.
Unemployed people may not be able to repay their loans.
Unemployed people may have to change their financial goals.
<span>The goal of giving the debtor a fresh start is accomplished through</span><span> releasing debtors from personal liability for specific debts and protecting them from collection efforts.</span>
The present value of an expected future payment "<em><u>falls</u></em>" as the interest rate increases.
This is based on the idea that the bond is paid at a fixed interest rate. Thus as the interest rate increases, the value of the bond decreases or falls because investors would certainly stay away from such bonds, therefore, making its value reduce or fall.
Similarly, if the interest falls, a bond with a fixed interest rate becomes more attractive to investors.
Hence, in this case, it is concluded that the interest rates determine the value of the bond.
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