Answer:
The answer is: Negative marginal utility means that at some point you will be worst off if you keep consuming extra units of a product. That means that you will stop consuming that product to stop getting worse even if that product is given to you for free.
Explanation:
The law of diminishing marginal utility states that as someone consumes a product, the satisfaction that they get from the product wanes out as they consume more and more of that product. Eventually they wouldn´t get any more satisfaction from consuming that product, they may even get worse if they consume more of that product (negative marginal utility). At that point they will stop consuming it. They will either change to some other substitute product or not consume at all.
A great example for this is an all you can eat buffet. A person eats until they are full. They may eat a lot, but eventually they will stop eating even if the extra food is "free" or already paid for.
A fixed price is for a fixed scope of work
The answer is: Balance sheet
The balance sheet on the financial statements will show the total amount of each accounts that the company manages to accumulate throughout its operational years. The amount of the balance sheet on current year will be used as a starting point when calculating the balance sheet for the next year
Answer:
C. the equilibrium quantity will definitely decrease.
B. the equilibrium price will definitely decrease.
Explanation:
Even though there is a great supply, but if the desire to have it decreases that is the demand for such product decreases, the equilibrium quantity will definitely decrease.
This is because the demand is low, accordingly the quantity of supply will be decreased to reach the equilibrium.
As there is increase in supply and decrease in demand, thus, in order to reach the equilibrium the price will be decreased so that people might demand more on low price.
Accordingly decrease in price and decrease in equilibrium quantity is obvious.