Answer:
B. The concept of utility.
Explanation:
Utility in economics refers to the amount of satisfaction that a consumer derives from consuming units of a commodity at a particular point in time.
The concept of utility is based on the assumption that the consumer is rational in the sense that he or she aims at maximising utility with limited income.
Also , marginal utility diminishes as a consumer consumes additional units of a commodity.
The correct choice is B
Answer:
i think its C. Laws protecting natural resources
Explanation:
I THINK
Answer: The correct answer is D: British consumers lose by an increase in the pound price of U.S. exports to Britain.
Explanation:
If the price of U.S. exports to Britain increases, consumer's purchasing power is affected. The price of the products increases considerably and the consumers are unable to buy as they want. Indeed, import taxes increase as well, affecting even more customers' economic capacity. The depreciation of the local currency against the U.S. dollar is a serious problem that affects the economic development of a country.
Did he america the state?
