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irakobra [83]
3 years ago
8

Economists refer to this pattern, the ___________________________________, which means that as a person receives more of a good,

the additional or marginal utility from each additional unit of the good declines. law of trade-offs
Business
1 answer:
MrRa [10]3 years ago
5 0

Answer:

law of diminishing marginal utility

Explanation:

According to my research on different economic terms, I can say that based on the information provided within the question the term being mentioned is called the law of diminishing marginal utility. Like mentioned in the question this term states that the marginal utility of a good or service declines as its available supply increases.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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Top Breakfast Cereal producers - company name, most current market share, signature
kondor19780726 [428]

Answer:

1. Kellogg Company - 30.1% market share - signature products: Froot Loops, Corn Flakes, Apple Jacks.

2. General Mills - 29.85% market share - signature products: Cheerios, Nature Valley, Lucky Charms.

3. Post Holdings - 18.92% market share - Honey Bunches, Fruity Pebbles.

4. Private Label - 7.48% market share - Muesli, Choco-Shells

7 0
3 years ago
You are advising a local nonprofit on strategy. The nonprofit supports cancer research and relies entirely on donations. You rec
Aleksandr [31]

Answer:

E). Use inexpensive digital marketing tools to inform the community about an upcoming fundraising event.

Explanation:

The 'use of inexpensive digital marketing tools for informing the community regarding the approaching fundraising event' would be the most appropriate and feasible for the non-profit organization as it would be the most reasonable for the firm. A big-budget expense on marketing the event would neither be affordable due to the small budget nor beneficial for such an organization. Thus, using inexpensive digital marketing would publicize the event on an affordable budget and prove helpful in gathering good collections in the event. Hence, <u>option E</u> is the correct answer.

5 0
3 years ago
What is the typical relationship between time and interest rate everfi?
klasskru [66]
<span>Interest rate is directly proportional to time. An interest rate is the amount of money due per period or a proportion of the amount borrowed or deposited. The total interest depends on the principal sum and the length of time over which it is lent or deposited. Therefore, the value of money will depend on interest rate and time. The longer time of debt or bank deposit, the higher interest rate.</span>
7 0
3 years ago
Cogswell Corporation is considering how to price their patented mega-cogs. It knows that if it prices each widget at $50 then th
allsm [11]

Answer: $25

Explanation:

Total revenue, at price = $50

Total revenue = price × units sold

                       = $50 × 0

                       = 0

Total revenue, at price = $45

Total revenue = price × units sold

                       = $45 × 1

                       = $45

Total revenue, at price = $40

Total revenue = price × units sold

                       = $40 × 2

                       = $80

Total revenue, at price = $35

Total revenue = price × units sold

                       = $35 × 3

                       = $105

Marginal revenue of third unit = \frac{Change\ in\ total\ revenue}{change\ in\ units\ sold}

                                                    = \frac{105 - 80}{3 - 2}

                                                    = $25

5 0
3 years ago
When choosing a senior sales representative or sales manager to serve as a sales trainer, the company should look for success in
crimeas [40]

Answer:

The correct answer is letter "B": for effective communication skills.

Explanation:

Salespeople main tool is <em>persuasion</em>: the act of <em>creating a need</em> where there may not be. A critical skill required for these types of employees is effective communication. Salespeople must find ways to express their ideas through a sales speech that convinces consumers to generate profits out of sales. They also should reshape that speech according to the different types of customers for a product.

6 0
3 years ago
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