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Pie
2 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]2 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

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Answer:

Religion, with several public ceremonies aimed to win their gods' favor, was a key element of the Aztec Empire.

Explanation:

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3 years ago
What effect did the Open Door Policy have on the spread of imperialism? Nations were prevented from establishing colonies in Chi
ANEK [815]

Answer:

Explanation:

Western imperialism in Asia as presented in this article pertains to Western European entry into what was first called the East Indies. This was sparked early in the 15th century by the search for trade routes to China that led directly to the Age of Discovery, and the introduction of early modern warfare into what was then called the Far East. By the early 16th century the Age of Sail greatly expanded Western European influence and development of the Spice Trade under colonialism. There has been a presence of Western European colonial empires and imperialism in Asia throughout six centuries of colonialism, formally ending with the independence of the Portuguese Empire's last colony East Timor in 2002. The empires introduced Western concepts of nation and the multinational state. This article attempts to outline the consequent development of the Western concept of the nation state.

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3 years ago
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3 years ago
15
VladimirAG [237]

Answer:

japan

Explanation:

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A potential conflict between british and french imperial forces in africa almost commenced when the two armies faced off against
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