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Gnesinka [82]
3 years ago
5

When diminishing marginal utility starts happening as a person consumes more and more of a given good rev: 04_09_2018 Multiple C

hoice total utility will decrease at a diminishing rate. total utility will increase at a diminishing rate. marginal utility will increase at a diminishing rate. total utility will become negative.
Business
1 answer:
rewona [7]3 years ago
8 0

Answer:

The correct answer is letter "B": total utility will increase at a diminishing rate.

Explanation:

Marginal utility refers to the additional benefit or satisfaction gained from consuming one more unit of a good or service. People buy when marginal utility is greater than marginal cost, and they do not buy when marginal utility is less than marginal cost.  

There is <em>positive </em>and <em>negative </em>marginal utility. Positive marginal utility occurs when additional items are being bought and, as a result, increases the total utility at a diminishing rate. On the other hand, the negative marginal utility takes place when the additional item purchased decreases the total utility at an increasing rate.

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Productivity is declining when: A) the number of hours worked exceeds the number of workers. B) population growth exceeds real G
SOVA2 [1]

Answer: b. When population exceeds real GDP growth

Explanation:

Gross domestic growth(GDP) is the monetary value of all finished goods and services done within in a country over a period of time. When the population of a country exceeds what it produces there would be record in decline in productivity of the country. This is a serious problem as it could lead to other factors as scarcity(having high demand and low supply), it could lead to poverty as there won't be much jobs as production is not commensurate with population.

5 0
3 years ago
Read 2 more answers
Mike has one hour to spend at the gym where he will jog, play handball and cycle. jogging uses 10 calories per minute, handball
slega [8]
Let
x = minutes used for jogging
y = minutes used for handball
z = minutes used for cycling

Th total time spent is 1 hour (60 minutes), therefore
x + y + z = 60

Because Mike jogs as long as he cycles, therefore
x = z
Therefore
2x + y = 60
or
y = 60 - 2x                 (1)

Jogging consumes 10 calories/min, handball consumes 9 calories/min and cycling consumes 12 calories/min.
The calories consumed in 60 minutes is 580, therefore
10 x + 9y + 12z = 580
Because x = z,
22x + 9y = 580          (2)

Substitute (1) into (2).
22x + 9(60 - 2x) = 580
22x + 540 - 18x = 580
4x = 40
x = 10
y = 60 - 2x = 40
z = x = 10

Answer:
10 minutes of jogging
40 minutes of handball
10 minutes of cycling.

4 0
3 years ago
A(n) __________ contract is a contract in which one or both parties has the ability to either withdraw from or enforce the contr
Lera25 [3.4K]

Answer:

Voidable Contract

Explanation:

Voidable Contract

This is a type of contract or legal agreement in which any of the parties involved or the both parties may chose to render it unenforceable for a given number of reasons. This type us different from a void contract in that, it is a valid contract which may either be affirmed or rejected by both or either parties.

Some reasons that may lead to the withdrawal of the contract are misinterpretation, coercion and fraud etc.

It is a valid contract that can be declared invalid. It is different from VOID as earlier pointed out as a void contract cannot be enforced by either party. Examples of voidable contract are found in real estate contract, lawyer contract and so on.

8 0
3 years ago
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reactions to organizational change by lower level employees that interfere with change implementation processes are called
Tanzania [10]

Reactions to organizational change by lower-level employees that interfere with change implementation processes are called resistance.

A worker is an employee that plays precise obligations for a commercial enterprise in alternative for normal pay. employees negotiate a salary with their organization and typically receive advantages, inclusive of additional time pay and holiday.

A worker is someone who receives paid to paintings for someone or organization. people do not need to work full time to be taken into consideration personnel—they truely need to be paid to paintings by using an organisation (the man or woman or business that can pay them).

Learn more about employees here:brainly.com/question/1190099
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8 0
1 year ago
The first step in the CRM process is analyzing data. creating a data warehouse. rewarding loyal customers. developing CRM progra
uranmaximum [27]

Answer:

Creating a data warehouse

Explanation:

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CRM focuses upon providing good customer support and customer feedback.

The primary step, in Customer Relationship management is creating a data warehouse. Data warehouse refers to a database from where extraction of customer details gets convenient.

Such database can be used for data analysis and reveals customer habits and past purchase trends.

5 0
3 years ago
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