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torisob [31]
3 years ago
7

Why does the marginal benefit of a diamond nearly always exceed the marginal benefit of a bottle of water?

Business
1 answer:
exis [7]3 years ago
7 0

Answer:

B)Diamonds are much more scarce than water, so the marginal benefit of diamonds are much higher

Explanation:

Water is a necessary good, but diamonds are luxury goods. At low levels of consumption, water will provide a much higher utility than diamond. Someone very thirsty will derive much more satisfaction from drinking water than from acquiring diamonds.

Marginal benefits arise from the consumption of extra units. After one has quenched their thirst,  consuming more water later adds minimal benefits. On the other hand, diamonds are scarce and valuable. Having one is good, but getting an extra one will bring greater benefits as it increases wealth. Therefore, the marginal consumption of o diamonds has greater benefits than water.

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Consider two cigarette companies, PM Inc. and Brown Inc. If neither company advertises, the two companies split the market and e
Tanya [424]

Answer:

Explanation:

If these two companies were to behave as individual profit maximizers, both company will  advertise regardless of whether the other company advertises or not because their goal primary goal is to increase the profit and domination of the market.

7 0
3 years ago
Fresh fish is not an effective form of money. What essential characteristic of money does fresh fish lack that most makes it ine
Misha Larkins [42]

Answer:

Medium of exchange

Explanation:

Fresh fish is not an effective form of money. Fresh fish lacks medium of exchange, which makes it ineffective.

4 0
3 years ago
How could jim get the views of employees who may have left the company due to perceptions of discrimination or unequal treatment
photoshop1234 [79]

Jim could get the views of employees who may have left the company due to perceptions of discrimination or unequal treatment by contacting them. For contacting the employees who have left the company due to perceptions of discrimination or unequal treatment Jim should first find out details of those people like phone number and email address.

After finding out the details, he should contact them and ask what is their reason to leave the company and if they feel discrimination or unequal treatment practice in company and if yes why they feel so. If they give confirmation regarding the same then Jim should talk to the current employees and find out how it happen and who practices this in firm.

After knowing the issue Jim should take appropriate steps to discard this practice from the organization.

Read more about organization on brainly:-

brainly.com/question/15628242

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4 0
2 years ago
Find an equation of the line slope 2/3; through (-6,3)
Minchanka [31]
If you are given a point and the slope, use the point-slope formula.
m = 2/3
(x₁, y₁) = (-6, 3)

y - y₁ = m(x - x₁)

y - 3 = 2/3(x + 6)
y - 3 = 2/3x + 12/3
y - 3 = 2/3x + 4
y = 2/3x + 1

The equation of the line is y = 2/3x + 1.

4 0
4 years ago
how much does a cardiologist surgeon who has done 6 years of residency earns in Australia(in US dollar)??​
babymother [125]

Answer:

Explanation:

The base pay rate is about 350,000 Aus dollars. This morning the Aus$ had an exchange rate of 1 Aus$ = 0.7001 US dollars, so that means the base rate is about 0.7 * 350000 = 245,000 US dollars. I don't know what the 6 years does to the equation.

5 0
3 years ago
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