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
Pie
3 years ago
5

Consumers are always willing to pay the most for the very first unit, and pay less for each additional unit. This idea is called

:
O the income effect
O the substitution effect
O diminishing marginal utility
O desire
History
1 answer:
tangare [24]3 years ago
7 0

Answer:

The answer is diminishing marginal utility

Explanation:

Economists have identified a concept known as the law of diminishing marginal utility. It describes how the first unit of consumption of a good or service carries more utility than later units. ... Marginal utility is useful in explaining how consumers make choices to get the most benefit from their limited budgets

You might be interested in
Why is the columbian exchange important to Us history?
Westkost [7]
Columbian exchange just may be the single most important event in the modern history of the world the Columbian exchange explained why Indian and nations Collabs and European Colonies Dr., Columbus arrival in the New World in 1942
6 0
3 years ago
During the age of exploration, which of the following countries did NOT establish colonies in
Lunna [17]

Answer

Germany

Explanation:

Germany is the only valid option because Portugal and Spain were the first countries to expand and we know Great Britain had control over the thirteen colonies

8 0
3 years ago
What is the best definition of a "Feminist"
NeX [460]
A feminist is a person who supports feminism
5 0
3 years ago
Read 2 more answers
Which three of the following represented the Ku Klux Klan
Yuliya22 [10]
The answers are B, C, and D
6 0
3 years ago
Read 2 more answers
Why did support for the Vietnam War continue to decline?
amid [387]

Answer:

Why did support of the war dwindle by the late 1960s? Support of the war decreased in 1960s because americans unsupported the war because of the increase of requested soldiers once the Americans were attacked with the Tet Offensive. ... Many considered the war a waste of time and a failure.

Explanation:

4 0
3 years ago
Other questions:
  • Summarize the US approach to advancing human rights and democracy since the Carter Administration
    15·1 answer
  • How did the economic crises in france lead to the estates-general
    7·1 answer
  • During World War I, blank was the term widely used to describe a state of war in which neither side was winning or gaining an ad
    9·1 answer
  • What was the relationship between the Shona people and the groups along the Swahili Coast?
    14·2 answers
  • To what concept of government does this expert refer? Use the excerpt to answer the question... Whenever any form of government
    5·1 answer
  • What are the three dominant food crops in the united states (select all that apply)?
    6·1 answer
  • How did the attitudes of Abraham Lincoln and Jefferson Davis compare as the Union and the Confederacy prepared for war?
    13·2 answers
  • 20 Points! Please Help.
    14·2 answers
  • Why did the framers of the U.S. Constitution create the amending process?
    8·1 answer
  • In the 1700 free african amercan mostly lived where
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!