The purchase of additional goods or services can lead to decreasing marginal utility.
According to the law of declining marginal utility, as consumption rises, the marginal utility obtained from each extra unit decreases. The marginal utility represents the additional increase in utility that arises from consuming one more unit. "Utility" is an economic phrase that means "satisfaction or happiness."
In layman's words, the law of diminishing marginal utility states that the more you use or consume an object, the less satisfaction you experience from every extra unit consumed or used.
Thus, the purchase of additional goods or services can lead to decreasing marginal utility.
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In selling 300 acres of rural land to organic farms, peyton tells the buyer that the land "will be worth twice as much by next year." this is
Consumption spending is $5 million, planned investment spending is $8 million, unplanned investment spending is $2 million, government purchases are $10 million, and net export spending is $2 million. what is aggregate expenditure?
Meredith is stuck in the airport on a long layover while traveling for work. She sees two Wi-Fi’s she can log onto: one says Airport Wi-Fi and the other says Free Airport Wi-Fi. She needs to sign on and pay some bills. Which Wi-Fi option should she choose?
Meredith should choose the 'Airport Wi-Fi' network as it seems more secure and legitimate for conducting financial transactions like paying bills, and she should consider utilizing a mobile VPN for additional security.
When choosing between two Wi-Fi networks, Meredith should opt for the one that appears to be more legitimate and secure, particularly when dealing with sensitive tasks such as paying bills. In this scenario, the 'Airport Wi-Fi' may be the official network, while the 'Free Airport Wi-Fi' could potentially be a less secure option or even a malicious hotspot set up by a third party to capture sensitive data. For secure transactions, she should verify the legitimacy of the network, possibly by asking the airport staff, look for networks that require a password, and consider using a mobile VPN to enhance security. Care must be taken as public Wi-Fi networks can sometimes be unsecure or compromised. Moreover, since she needs to handle financial information, the need for a secure connection is paramount.
What is the price elasticity of demand between $1.50 and $1.25?
The price elasticity of demand between $1.50 and $1.25, with a 10.5% change in quantity demanded and a 10.5% change in price, is -1.0, indicating unit elastic demand.
The price elasticity of demand is a measure of how much the quantity demanded of a good responds to a change in the price of that good. It is calculated as the percentage change in quantity demanded divided by the percentage change in price. To compute the price elasticity between $1.50 and $1.25 for gasoline, the percentage changes in both quantity demanded and price are needed.
Based on the given example, if 1,000 gallons of gasoline were purchased at $4.00 per gallon and then the quantity demanded changed to 950 gallons when the price increased to $4.25 per gallon, we can use the provided information to calculate the elasticity:
Percentage change in quantity demanded: -50/975 = -5.1%Percentage change in price: 0.25/4.125 = 6.06%Price elasticity of demand: -5.1%/6.06% = -0.84This means that the demand for gasoline is inelastic since the absolute value of the elasticity is less than 1. Changes in price will have a smaller proportional effect on the quantity demanded. Meanwhile, if the price decreases from $1.50 to $1.25 and the change in quantity demanded is -10.5%, and the change in price is 10.5%, the elasticity is -1.0, indicating unit elastic demand.
Rico has been trying hard to get a certain building contract for his company. he talks to the government official who is managing the building contract allotment. rico promises the official a ‘treat' if he directs the contract to rico's company. rico can be found guilty of
Rico has been trying hard to get a certain building contract for his company. Rico can be found guilty of bribery.
What do you mean by the building contract?A construction contract is a written agreement between two parties that is mutually or legally binding and is based on rules and specifications. One or more property owners and one or more contractors are the two parties engaged.
Standard Form Contracts are agreements that use pre-printed, non-negotiated, standardized provisions. These are also known as "take it or leave it" contracts, "contracts of adhesion," or "boilerplate contracts."
Therefore, Rico has been trying hard to get a certain building contract for his company. he talks to the government official who is managing the building contract allotment. Rico promises the official a ‘treat' if he directs the contract to Rico's company. Rico can be found guilty of bribery.
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A good example of a ______________ offense is selling alcoholic beverages to a minor
_____ is high when customers have many choices and low when they have few choices.
Answer: Supply
Explanation:
Supply is something that is made available for use. Also, something needed or wanted.
I guess the proper answer is supply. The quantity of goods and services to be supplied will increase as customers' choices increase.
A good business person will make arrangements for availability of various different quantity of such goods and services demanded to meet the rising choices of customers. Since there are various choices made available for the customer, sales will increase as the customer sees what he/she is willing to buy.
Business managers are often overly confident of their own hiring ability because they are more likely to monitor the successes of people they hired than the achievements of those they rejected. this illustrates that overconfidence may be facilitated by:
Espinoza is sixteen, but looks much older. she purchases a diamond bracelet, but decides nine months later that it was unwise to spend the money, so she:
People in households with an annual income under $10,000 add to their income and recycling efforts when they collect cans and bottles. this represents
The amount you pay to use someone else's money is called
Creating product assortments from several sources to serve customers would be an example of a __________ function.
When qualifying a buyer the lender will calculate the debt coverage ratio, which measures?
The management task of ___ involves grouping related activities together and assigning employees to perform them.
Assume you are participating in your employer's direct deposit program. On payday, the employer deposits your ________ into you bank account.
Understanding the _____ begins with analysis of market share.
Ford motor co. has separate divisions for passenger cars, for large trucks, and for farm products. ford is an example of an organization with
Restructuring organizations to retain the most essential employees is known​ as:
There are several types of organization restructuring:
1. Downsizing
2. Starbust
3. Verticalization
4. De-layering
5. Business process re-engineering
6. Outsourcing, and
7. Virtualization
Among them, the type of restructuring to retain the most essential employees is known as de-layering. De-layering involves breaking down the typical pyramid setup into a flat organization. Its purpose is to thin out or lessen the top layer of unproductive and highly paid ‘white collar’ personnel. It promotes innovation, builds customer intimacy and increases consumer satisfaction. The main advantage is that the decision-making process becomes more effective and shorter.
The liberal approach to economic development that prioritizes privatization, liberalization of trade and foreign direct investment, government deregulation in favor of open competition and broad tax reform is known as ________.
Flexibility development guidelines indicate that the final position for each exercise should be held for
Price discrimination prevents a monopolist from charging any price it would like to charge for a particular good?
If your proprietary know-how of "green" processes is difficult to transfer to other firms, the most effective approach would be _______________. foreign direct investment or licensing licensing or exporting exporting or foreign direct investment
The most effective approach is to use a foreign direct investment. If the proprietary is having difficulty in transferring to other firms, it is best to invest in another country in which this may be able to provide business operations and assets that may be of benefit of the company.
When you know a firearm's effective killing range, you can determine: which animals you can hunt which stance to use when shooting whether you are aiming at the target when a shot will give a clean kill?
When you know a firearm's effective killing range, you can determine whether a shot will give a clean kill.
The effective killing range refers to the distance at which a firearm can reliably and ethically take down an animal with a clean and humane shot.
Understanding the effective killing range allows you to assess whether the distance to your target falls within the range where your firearm is accurate and powerful enough to deliver a lethal shot.
By knowing the effective killing range, you can make informed decisions about which animals you can hunt ethically.
Different firearms and ammunition have varying effective ranges, and it is essential to match the capabilities of your firearm to the size and distance of the game you are pursuing.
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In a group of 60 employees, some employees earn $75 per day, while others earn $100 per day. the total amount of weekly earnings for all 60 employees is $4,800. based on the information provided above, what is the ratio of employees earning $75 per day compared to those earning $100 per day?
The weight of a candy bar in ounces is an example of
The weight of a candy bar in ounces is an example of quantitative data. Thus, option B is the correct option.
What are ounces?An ounce can be defined as a measurement of wet that is being taken to measure something or some quantity. It is usually used to match or tally liquid material. oz is the abbreviation that is generally used to denote the ounces.
A quantitative data can be defined as the process in which the data can be counted. It is mainly a thing that can be counted or measured.
In order to weigh the Candy in ounces the measurement is done in ounces to help what the weight of the candies will be in this option the quantity data is being used which is the numerical data regarding the weight of the candy. Therefore option B is the correct option.
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You look up the phone number of the new pizza restaurant down the street and repeat the number silently in your head until you find a pad of paper to write it down. the process of actively repeating the number is called
Active rehearsal is the technique of repeating a phone number to transfer it from short-term to long-term memory, often supported by chunking, which organizes the information into smaller, manageable groups.
Explanation:The process of actively repeating a phone number until you can write it down is referred to as active rehearsal. This technique is a cognitive strategy employed to move information from short-term memory to long-term memory. By constantly repeating the number, you are engaging in a form of maintenance rehearsal, which helps in retaining the information in your short-term memory. This method is often reinforced by another technique called chunking, where the information is broken down into manageable bits or groups, making it easier to remember.
Another memory strategy related to this process is elaborative rehearsal, which involves linking new information to existing knowledge. For instance, associating an area code with a specific geographic location you are already familiar with.
The process of selection is limited to hiring new employees for job openings and excludes internal transfers and promotions.
a. True
b. False
how can you make yourself “visible” when telecommuting?
Contacting and talking with your co workers, keeping your name out there as well as being friendly couldn't hurt much hope this helps (:
When a business collapses only those who work directly for the business are impacted.
True or false.
Answer: False
Explanation: Share holders and buyers are also impacted.
Many innovative technology products are released as​ a(n) _____ test to allow usage and feedback from a small number of users who are willing to test the product under​ normal, everyday conditions of use.