When a consumer shifts purchases from product x to product y, the marginal utility of <u>X rises, and the </u><u>marginal utility</u><u> of Y falls.</u>
In economics, utility is the satisfaction or benefit obtained from consuming a product. The marginal utility of a good or service describes how much pleasure or satisfaction a consumer gains or loses by increasing or decreasing his consumption by one unit. There are three types of marginal utility. They are positive, negative, or zero marginal utilities.
Marginal utility is the pleasure obtained by the consumer for each additional unit he consumes. Calculate the utility over the first consumed product (threshold amount). For example, you can buy frozen donuts. In return, this will give you a certain level of benefit or satisfaction.
Learn more about Marginal utility here: brainly.com/question/15050855
#SPJ4
Answer:
Hope they got this right this was a few months ago
Explanation:
Answer:
consumers are now willing to purchase more of this product at each possible price.
Explanation:
When the demand for a good or service increases, it means that consumers are buying more. In this case, according to the law of supply and demand, increasing demand will decrease inventories of good and will make it scarcer, increasing the price.
The web pages get the most traffic and highest engagement can be gotten from the all pages report.
<h3>
All pages report</h3>
The All Pages report is used to display data using different engagement metrics such as <em>number of page views, average time on page, entrances, bounce rate, and exit rate</em>. Therefore the web pages get the most traffic and highest engagement can be gotten from the all pages report.
The All Pages report displays the top pages on your website based on traffic.
Find out more on all pages report at: brainly.com/question/405739
Answer:
government revenue $148,071,428,860
Explanation:
Theincremental price is 0.75/3.50 = 0,2142857
from that we get that Quantity demanded will be of
150 billion x (1 + 0.2142857 x -0.06) = 148.0714286
Now that we got the quantity of gallon sold we multiply by the tax of $1 per gallon thus, 148,071,428,860 will be the revenue for the government
