Answer:
A. increases at a decreasing rate, so the marginal utility curve is negatively sloped.
Explanation:
The total utility of a good grows when larger quantities are consumed, but its marginal utility increase is decreasing, that is, as the consumption of a product increases, the utility increases at a decreasing rate, so the curve marginal utility is negatively inclined.
This can be explained by the water and diamond paradox which illustrates the importance of the marginal utility concept. Why is the most needed water so cheap, and the superfluous diamond so expensive? It turns out that water has great total utility, but low marginal utility (it is abundant), while diamond, being scarce *, has great marginal utility.
Answer:Market segment
Explanation:
What is market segmentation ?
This is the process of deciding or determining who are your priority customers for your product; people who are very likely to buy your products.
By knowing which people are your target market it allows you to plan well and accordingly .
By using this process you are also able to make subdivision based on your priority or target customers looking at what is their taste, what are their most similar preferences , you can also look at behavioural methods to determine these subdivisions.
Commonly these are the characteristics that are used to determine these segments:
Demographic, Psychographics Behavioral activities and others
Consider a perfectly competitive industry in long-run equilibrium. if a single firm in that industry discovers a significant cost-saving production technology, then the rest of the industry will quickly adopt the new technology.
A perfectly competitive market reaches long-term equilibrium when not all firms are making economic profits and the number of firms in the market remains the same. Minimizing the long-run average total cost.
In a perfectly competitive market at long-term equilibrium, an increase in demand produces economic gains in the short term and leads to market entry in the long term. Declining demand will lead to economic losses (negative economic gains) in the short term and will force some companies to exit the industry in the long term.
Learn more about equilibrium at
brainly.com/question/517289
#SPJ4
Answer:
small bumps on paper for blind people to read
middle ear
Explanation:
No explanation
Some seem to see Spain as a unitary state, some as a federation and others as a semi-federative state. The EU seems similarily to be a de facto confederation. The UK is not far from being a federation itself. If the English get their own parliament with the West Lothian question in mind - the UK could be considered a federation. So, my point is, I am pretty sure it is a U<span>nitary State/Government.</span>
