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
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.

You might be interested in
The CPI tends to A. estimate inflation correctly. B. underestimate the extent of inflation when prices increase rapidly. C. over
CaHeK987 [17]

Answer:

d. overestimate the extent of inflation because it uses fixed weights and ignores substitution of lower priced items for higher priced items

Explanation:

The CPI tends to overestimate the extent of inflation because it uses fixed weights and ignores substitution of lower priced items for higher priced items

7 0
3 years ago
Inventory turnover is calculated as __________ divided by __________.
Pie
Cost of good sold; average inventory
3 0
2 years ago
Read 2 more answers
When a manufacturer advertises to wholesalers and retailers in an attempt to encourage them to carry its products, it is engagin
ICE Princess25 [194]
B. False 
Institutional advertising does not attempt to sell anything directly. It is type of advertising intended to promote company, business, institution or other similar entity.
3 0
3 years ago
One of your fellow investment adviser representatives (IAR) recently turned a large profit on the sale of a security. You overhe
shusha [124]

Answer:

Option b: The IAR engaged in front running

Explanation:

Investment Adviser are simply individuals who offers advice/analyses on securities and they are involved offering such advice (even if it's not the primary service offered). They also receives compensation for these services that is rendered. Their services also include consultation as they give advise on pension plan, sports and investments.

The SEC do offer or restricts distribution participants (underwriters and issuers) from bidding for or making secondary market purchases of the stock that is being offered in a distribution.

Front Running

This is simply said to be the act of placing a broker's personal orders ahead of a customer's large order so as to make a profit from the market effects of the trade and also when a broker who buys himself shares in a stock just before his brokerage plans to buy a large block of share.

3 0
3 years ago
Google Marketing Platform is as effective for small businesses as it is for enterprises. In fact, only two products aren't avail
MatroZZZ [7]

Answer:

B. Search Ads 360

E. Display & Video 360

Explanation:

Other than Search Ads 360 and Display & Video 360 all other mentioned products are available in the Small business version of Google Marketing Platform.

3 0
4 years ago
Other questions:
  • A rich relative has bequeathed you a growing perpetuity. the first payment will occur in a year and will be $ 3 comma 000$3,000.
    15·1 answer
  • The congress approves the amounts of money in bills that each unit or agency of government can spend. what is this called?
    10·1 answer
  • Jennifer's two favorite flavors of soda are cola and lemon-lime. On a normal week, Jennifer bought 3 cola
    5·1 answer
  • ou believe that stock prices reflect all information that can be derived by examining market trading data such as the history of
    9·1 answer
  • In setting up a client agreement, you would request a down payment to cover
    5·2 answers
  • Your Grandfather wants to establish a scholarship in his father’s name at a local university and had stipulated that you will ad
    15·1 answer
  • Each company must divide up the total market, choose the best segments, and design strategies for profitably serving chosen segm
    9·1 answer
  • Hampton Industries had $47,000 in cash at year-end 2017 and $24,000 in cash at year-end 2018. The firm invested in property, pla
    7·2 answers
  • Barney, age 61, has taken full advantage of the tax law and fully deducted each year's contributions to his traditional IRA for
    13·1 answer
  • e exportation of large quantities of a product at a price lower than that of the same product in the home mark
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!