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
Jet001 [13]
3 years ago
15

As we’re well aware, vending machines are used to sell snacks and beverages, whereas newspapers are sold out of a box that allow

s anyone to take more than one paper. How does the concept of diminishing marginal utility explain the different distribution techniques for newspapers vs. snacks and beverages? Identify two additional examples of an item whose diminishing marginal utility is high. Remember: Marginal utility is the change in total utility that results from a one-unit increase in the quantity of a good consumed; diminishing marginal utility is the general tendency for marginal utility to decrease as the quantity of a good consumed increases.
Business
1 answer:
max2010maxim [7]3 years ago
5 0

Answer:

Because people do not need a second newspaper, it will not bring any more information to their lives, rather than a second soda can or snack.

Explanation:

The law of diminishing marginal utility states that there are some products or services to which an increase in the consumption will not bring the same utility for the user as the right amount, for example, if you eat a slice of pizza, it will bring certain benefit, you'll be less hungry but if you eat 7 slices of pizza at some point you'll no longer be hungry and it will rather make you sick, in this case vending machines have a higher marginal utility, a person could drink 3 or 4 drinks or take 4 or 5 snacks before it makes them feel sick, whilst a person that buys a person buying a newspaper won't need a second one, even if it is for his/her family, a 5 people house has enough newspaper by taking 1 copy of it.

Other examples of this can be a vacuum cleaner, you don't need a second one if you already have one, or a house buying a second house ain't as necessary as the first one.

You might be interested in
When ann taylor, a well-known retailer of sophisticated women's clothing, started losing sales to its own loft outlets that feat
Digiron [165]
It is known as cannibalization 
5 0
3 years ago
HEY PLEASE SOMEONE HELP I NEED TO SUBMIT THIS WORK IN 30 MINUTES PLEASEEE!!!
S_A_V [24]

The Coca-Cola Company sells its products to bottling and canning operations, distributers, fountain wholesalers and some fountain retailers. They then distribute them to retail outlets, corner stores, restaurants, petrol stations and many more.

When I had this question I found the link witch is on the document very helpful.

I hope this helps.

Download pdf
6 0
3 years ago
What are extension strategies?
sergeinik [125]

Answer:

Below:

Explanation:

An extension strategy is a practice used to increase the market share for a given product or service and thus keep it in the maturity phase of the marketing product lifecycle rather than going into decline. Extension strategies include rebranding, price discounting and seeking new markets.


Hope it helps...

It’s Muska..≧◔◡◔≦

8 0
2 years ago
Read 2 more answers
A corporation must register as a _____ in every state in which it operates other than its state of incorporation
dusya [7]
<span>A corporation must register as a </span><span><span>foreign corporation </span>in every state in which it operates other than its state of incorporation </span>


6 0
3 years ago
Why is a price floor set above an equilibrium price tends to cause persistent imbalances in the market?
kotykmax [81]

Answer:

A price floor set above the equilibrium price will result in a surplus of supply.  

Explanation.

An equilibrium price refers to the price at which demand for a service or product is equivalent to the quantity of the product or service supplied in the market.

Setting a price floor above the equilibrium price essentially means that the set prices will be higher than what demand is willing to pay for the product or service. Demand will therefore purchase fewer quantity of the product offered by supply at the prevailing price than they would have at equilibrium price.

Since the price floor will raise the product price to considerably higher than the equilibrium price, supply will be willing to provide higher volumes of the product at the prevailing price than at equilibrium price.

This will lead to a mismatch in the market between supply and demand resulting into a surplus.

5 0
3 years ago
Other questions:
  • 1. A parent sells merchandise to its subsidiary at a markup of 20% on cost. In the current year, the subsidiary had $120,000 in
    14·1 answer
  • Jason trevor owns a commercial bakery in blakely, georgia that produces a variety of goods sold in grocery stores. trevor is req
    7·1 answer
  • Competition affects prices, but does not have any other effects.<br> True<br> False
    15·2 answers
  • Evertz Metals buys and stockpiles dolomite to use in its smelting processes. Before all this dolomite is​ used, however, they al
    6·1 answer
  • During 2013, Winston Corporation spent $170,000 in research and development costs. As a result, a new product called the New Age
    5·1 answer
  • Business-level strategy focuses primarily on a. which markets to enter and how to use the firm's money, people, and physical fac
    6·1 answer
  • The following data refer to Brompton Company’s ending inventory:
    5·1 answer
  • Jeannine and Ryan, have both been working full-time jobs for many years. They are about to adopt three siblings and are trying t
    9·1 answer
  • The final stage in the business-to-business buying process is to place the order. select the vendor. assess vendor performance.
    14·1 answer
  • The expenditure approach to measuring u. s. gdp equals ______. a. all expenditure on final goods and services produced in the un
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!