As the benefit of consuming more of a good falls with each additional unit, the price consumers are willing and able to pay also falls with increased consumption. this scenario describes a downward-sloping demand curve
<h3>What is a Demand Curve?</h3>
This refers to the graph or pictorial representation that shows how the demand for a commodity or service varies with changes in its price.
Hence, we can see that As the benefit of consuming more of a good falls with each additional unit, the price consumers are willing and able to pay also falls with increased consumption. this scenario describes a downward-sloping demand curve
Read more about demand curve here:
brainly.com/question/9387886
#SPJ1
Supply Side Economics.
Supply-side economics is a macroeconomic theory arguing that economic growth can be most effectively created by lowering taxes and decreasing regulation,
Answer:
b. 4.90%
Explanation:
the portfolio's return in a normal economy:
= (0.23 x 11.3%) + (0.44 x 4.7%) + (0.33 x 13.7%) = 9.119%
the portfolio's return in a booming economy:
= (0.23 x 18.6%) + (0.44 x 26.6%) + (0.33 x 18.1%) = 21.955%
weighted average return:
(0.82 x 9.119%) + (0.18 x 21.955%) = 11.42948%
standard deviation:
= {[0.82 x (9.119% - 11.42948%)²] + [0.18 x (21.955% - 11.42948%)²]}⁰°⁵
= (0.000437742 + 0.001994158)⁰°⁵ = 0.0024319⁰°⁵ = 0.049 = 4.9%
The standard deviation of a stock or a portfolio measures the risk of the stock or the portfolio. The lower the standard deviation, the less risky the stock or portfolio.
The aspect of economics that looks at the desirability of some sections of the economy and underlies expressions of support for some economic policies is called Normative Economics.
<h3>What is the focus of Normative Economics?</h3>
Normative economics focuses on how economic policies impact the people. That is the outcome of economic goals and public policy and what those policies ought to be.
In other words, it is very subjective in nature and focuses on what should be rather than what is.
See the link below to learn more about Normative Economics:
brainly.com/question/20841086