Hi!
Regions are classified in two main ways, physically and culturally.
As for how they are named, names of regions include the continent and direction. For example, East Asia.
I hope that helped!
Complete question :
If the price of an apple is $0.50, the marginal utility per dollar spent for the fifth apple is:
Number of apples ____total utility
2__________________130
3__________________180
4__________________220
5__________________250
6__________________270
7__________________280
Answer:
60
Explanation:
The marginal utility simply refers to the change or extra satisfaction derived with change in consumption.
Hence, the marginal utility of the fifth apple equals :
Difference /change or extra satisfaction derived by consuming one more than 4 apples = (total utility of 5th apple - total utility of 4th apple)
= (250 - 220) = 30
Hence, marginal utility per dollar :
Marginal utility / price per apple
Price per apple = $0.5
Marginal utility of 5th apple = 30
Therefore,
30 / 0.5
= 60
Answer:
Explanation:
recession
[rəˈseSH(ə)n]
NOUN
a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
synonyms:
economic decline · downturn · depression · slump · slowdown · trough · credit crunch · credit squeeze · stagnation · stagflation · hard times · bust
astronomy
the action of receding; motion away from an observer.
