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tatiyna
4 years ago
15

Assume diminishing marginal utility. If Steven gets maximum utility from owning 10pairs of shoes, then Steven’s total utility fr

om owning 12 pairs of shoes is ______ Steven’stotal utility from owning 11 pairs.
Business
1 answer:
Verdich [7]4 years ago
6 0

Answer:

1) Less than

Explanation:

If Steve owes maximum utility from owning 10 pairs of shoes, then whenever Steve buys more shoes after owning 10 his total utility will decrease, which means buying additional shoes after 10 provides negative utility. So when he buys 11 shoes, the 11th shoe will give him negative utility and the 12th shoe will give him even more negative utility. Thus the total utility from owning 12  pairs of shoes is less than the total utility of owning 11 pairs, because when he has 12 pair of shoes 2 pair of shoes give him negative utility, and when he owns 11 pair of shoes only 1 pair of shoes give him negative utility.

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How should a christiandetermine whether to obey a specific command from his government?
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If the government tries to force a Christian to violate a biblical command we must still obey the highest authority- which is God.

<h3>What is government?</h3>

A government is the system or collection of individuals in charge of an organized community, most commonly a state. In the broadest sense, government is made up of the legislative, the executive, and the judiciary.

The basic tasks of a government are to provide leadership, maintain order, provide public services, provide national security, provide economic security, and provide economic assistance.

The system of governing a state or society is known as government. A select portion of society is granted the system of social control, the right to enact laws under it, and the right to enforce them.

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5 0
2 years ago
The administrative activities of controlling, directing, and coordinating police personnel, resources, and activities in the ser
frozen [14]

Answer:

The statement is describing the functions of police management.

Explanation:

Just like managing a firm, managing the police works in a similar way: police directors have to plan, control, direct, and coordinate all aspects related to the police operations, both on a daily basis, and on a long-term basis.

It is very important to have good police management because police is a service that is public and crucial for citizens. The wrong kind of police management can cause safety and public order problems that can be very disruptive for daily life.

3 0
3 years ago
Which of the following is false regarding the FIFO inventory method?
puteri [66]

Answer: All of the other answer choices are true.

Explanation:

FIFO simply refers to “First-In, First-Out” and the method assumes that the oldest goods that are in the inventory of a company have been sold first and therefore, the costs that are paid for them will be used for the calculation.

The following are true regarding the FIFO method:

• FIFO under a perpetual inventory system results in the same cost of goods sold as FIFO under a periodic inventory system.

• A company can choose to account for the flow of inventory using the FIFO method even if this doesn’t match the actual flow of its inventory.

• Perishable goods often follow an actual physical flow that is consistent with the FIFO method assumptions.

Therefore, the correct option is D as all are true.

4 0
3 years ago
An employer pays $90 of a $100 group disability premium, and the employee pays the other $10. The disability benefit under the p
geniusboy [140]

Answer:

the monthly benefit taxable income would be $900

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For a Plan of $1,000/month if the employer pays $90 and the employee pays the other $10 of a $100 group disability premium.

after paying the total amount of  %100 according to the plan if the employee gets disabled then he will get 90% of the total amount which is taxable income.

5 0
4 years ago
Read 2 more answers
If the price of a product increases, the demand for the resource used in producing that product decreases.
valentina_108 [34]

Economists call this the law of demand. As the price of a product increases, the quantity demanded decreases (but the demand itself remains the same). If the price falls, the quantity demanded will increase.

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