1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Damm [24]
3 years ago
12

Which of the following is true?a. It is possible for total utility to rise as marginal utility falls. b. Marginal utility is the

same as total utility. c. As marginal utility falls, total utility always falls. d. a and c
Business
1 answer:
Serga [27]3 years ago
6 0

Answer:

The correct answer is letter "D": A and C.

Explanation:

Utility is the satisfaction or joy an individual perceives by consuming a given good or service. Marginal utility is the satisfaction perceived by consuming one more unit of a good or receiving a service one more time. Total utility is the aggregate utility as a result of adding the number of goods or services consumed.

<em>When marginal utility starts falling, total utility could still be rising since even if the consumer is not enjoying the same way the consumption of a good the individual is still adding more units to the consumption. However, there will a point in which the consumption of the good will not represent any satisfaction to the individual not adding more units anymore, thus, total utility starts dropping.</em>

You might be interested in
What is economic of skill ​
Greeley [361]
I would define economies of skill as the characteristics of marketing process in which an increase in the skill of the team causes a decrease in long run average cost per order dollar (COPD).
Hope this helps!! <3
6 0
2 years ago
In the Classical Theory, it is the price-wage-interest rate _____________ that restores the economy to full employment if Househ
Amiraneli [1.4K]

Answer:

flexibility

Explanation:

According to classical economists, the price-wage-interest rate flexibility refers to a combination of flexible factors that maintains economic stability:

  • Flexible interest rates keeps the money markets (loans) in equilibrium.
  • Flexible wages keeps the labor market in equilibrium.
  • Flexible prices keeps the goods and services markets in equilibrium.

Therefore, if spending declines, the economy will self-adjust using flexible interest rates (interest rates should lower), flexible wages (wages should lower) and flexible prices (prices should lower) until the economy rebounds.

7 0
3 years ago
Consumer Price Index (CPI) is an
Maurinko [17]

Answer:

B

Explanation:

The Consumer Price Index (CPI) measures monthly changes in prices for a range of consumer products

3 0
2 years ago
Read the sentence.
sasho [114]

Answer:

The words aren't bolded, so it is difficult to know what kind of phrase and it is difficult to help you.

Explanation:

4 0
2 years ago
Which of the following are amortizable organizational expenditures? Group of answer choices Professional fees to issue the corpo
satela [25.4K]

Answer:

The answers are:

  • Professional fees to issue the corporation’s stock
  • Commissions paid by the corporation to underwriters for stock issue
  • Printing costs to issue the corporation’s stock

Explanation:

Organizational costs are the initial costs incurred when creating a company. They usually include legal and registration fees, promotions, and commissions paid.

After 10/22/2004, organizational cost up to $5,000 can be deducted as an expense. The remaining organizational costs can be amortized over fifteen years.

5 0
3 years ago
Other questions:
  • Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
    15·1 answer
  • Suppose a project is subject to the following risk events (each with a given probability of occurring and a cost associated with
    10·1 answer
  • What is the varilbe for egotistic suicde?
    14·1 answer
  • Trail Runner guarantees its snowmobiles for three years. Company experience indicates that warranty costs will be approximately
    10·1 answer
  • You can invest $100,000 into either project A or B. You estimate that A would succeed with a probability of 0.6 in which case it
    7·1 answer
  • Assume that a customer shops are a local grocery store spending an average of $400 a week, resulting in the retailer earning a $
    9·1 answer
  • Which of the following is true?
    8·1 answer
  • ABC common stock just paid a dividend of $2.50 per share. The ABC dividend is expected to grow 20% per year for two years, and t
    12·1 answer
  • Media business became big in the 1830s, partially due to the development of ______, which allowed for mass production of newspap
    7·2 answers
  • In Fontainebleau Hotel v. Eden Roc, the Eden Roc Hotel sued the Fontainebleau Hotel when Fontainebleau began erecting a 14-story
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!