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.
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A check returned by a bank because the issuer's cash account balance could not cover the check is called an NSF check.
Answer:
The fans as they purchase tickets
Explanation:
The government has imposed a $2 tax per seat. The stadium management will increase the price of tickets per seat by at least $2. It means the customers (fans) will pay an extra amount per seat to cater for the taxes.
The stadium management will act as a tax intermediary. They will collect the $2 per seat tax from the ticket sales and remit it to the government.
Answer:
B) reserves lost by any particular bank will be gained by some other bank.
Explanation:
Banks "create" money when they make loans or buy securities from private parties. This money creation is the result of the money multiplier = 1 / reserve ratio.
This money creation process is not affected by which specific bank may hold the deposits, since money withdrawn from a bank will end up in another bank. The money multiplier applies to the whole banking system, not just an individual bank or group of banks.
An institutional discrimination is the discrimination that occurred in institutions such as education, health care, business and criminal justice.
<h3>What is an
institutional discrimination?</h3>
This refers to a prejudicial practices within an institutions that often result in the systematic denial of resources or opportunities to the members.
Hence, it is the type of discrimination that often occurred in institutions such as education, health care, business and criminal justice.
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