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luda_lava [24]
3 years ago
12

CAN SOMEONE HELP ME PLEASE?!

Business
1 answer:
Alenkinab [10]3 years ago
6 0

Answer: The free enterprise economy seeks to maintain economic freedom. As mentioned earlier, the goal is for businesses to be able to make their own decisions with little government interference. Efficiency - The goal of efficiency is to make the best use of the resources that are available.

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When a person receives an increase in wealth, what is likely to happen to consumption and saving?
Arturiano [62]

When a person receives an increase in wealth, Consumption increases and saving decreases

Both present and future consumption rises as a consumer's current income does as well. Savings increase because current spending increases but does so at a slower rate than current income growth. Again, both present and future consumption rises when the customer receives an increase in predicted future income.

Savings declines because current consumption rises while current income does not. Current and future consumption both grow when the consumer's wealth increases. Again, because current income has not increased, saving has decreased. These individual actions to adjust one's consumption and saving habits have a cumulative effect on the aggregate amount of desired consumption and saving.

To learn more about consumption here,

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8 0
2 years ago
What occurs when the cyclical unemployment rate is zero ?
natka813 [3]
The economy is consider to be at full employment. 
7 0
3 years ago
Bob picks up a sandwich from the cafeteria and pays the cashier $3.25. He ate half of it and did not want the rest. What is the
viva [34]

Answer: sunk cost

Explanation:

5 0
3 years ago
Read 2 more answers
Enterprise software includes a database and thousands of predefined​ ________________.
Lelechka [254]

Answer:

business processes

Explanation:

Enterprise software includes a database and thousands of predefined business processes that reflect best practices

7 0
1 year ago
As you start consuming potato chips, your marginal utility is very high, but begins to fall slowly until you've eaten 10 chips.
avanturin [10]

Answer:

The law of diminishing marginal utility.

Explanation:

Marginal utility is basically satisfaction derived from consuming an extra unit of product. According to the law of diminishing marginal utility as consumption increases the marginal utility derived from each additional unit decreases.

So when we consume 1 chips marginal utility is high, then as more is consumed we still get some positive utility out of it but at a decreasing rate now. At some point this utility equals zero after which it starts declining as more chips are consumed because it is not providing any satisfaction now. Therefore the chips should be consumed only up to the point where the marginal utility equal zero.

7 0
3 years ago
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