You go to an all-you-can-eat buffet. if you maximize utility, the marginal utility of the last bite that you eat will be:

Answers

Answer 1
In economics, there is what we call "Law of Diminishing Marginal Utility". This law can be applied when you maximize the satisfaction with every product you buy. In this case, with every bite you get you get the most of it. As a result, your appetite gets less and less with every more bite that you take. Therefore, the last bite would have the least value of marginal utility.

Related Questions

The fallacy of _____ is arguing erroneously that what can be said of the whole can be said of the parts.

Answers

the fallacy of false dilemma.

What is the primary tool that monetary policy uses to affect the overall economy?

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The primary tool that monetary policy uses to affect the overall economy is called the interest rate. 


An interest rate is the measure of enthusiasm due per period, as an extent of the sum loaned, kept or obtained. It is characterized as the extent of a sum credited which a bank charges as enthusiasm to the borrower, ordinarily communicated as a yearly rate.

Carl lives in a small new england town where he and other residents attend monthly town meetings. at these meeting they publicly vote on issues concerning the town. these monthly town meetings are an example of ________ democracy

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A direct democracy, also known as a pure democracy. This is where each individual has a vote, and directly decides on the things that are up for decision. This differs from a representative democracy, where people elect representatives which vote for them.

John buys a $1,000 bond that pays 6% annual interest at 75. what is john's annual yield?

Answers

To calculate the current yield of bonds.

We have the given par value of $1000, a market price of $750 and an interest rate of 6%.

Formula of current yield: 

Yield =  (interest rate * par value)/(market price) * 100%

         =  ((0.06 *  $1000)/$750) * 100%

         = ( $60/$750) * 100%

         =0.08 * 100%

         = 8%


Marx used the term ______ for those people who owned the means of production.

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the capitalists or bourgeoisie

Identify the group that worked to improve the lives of industrial workers.

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Rather than a particular group I   would say that with a lot of evidence to back it up that labour unions have since their inception been used to improve the lives of industrial workers, at least on the job. For example, as far back as the 1500's, at least for awhile, the Knappschaft union of the German miners in the Erzgebirge rich silver mines even won an 8 hour day and indemnity for the widows of miners killed in the mines. 

If producers who hire labor in a competitive labor market decide to purchase the new automated machine that completes the work of 30 employees, we would expect the labor-demand curve to shift

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If the producers buy the automatic machine, then we would definitely expect the labor demand curve to shift to the “LEFT”.

Shifting to the left means that there is a reduction of labor. This scenario is to be expected since the machines would replace the labor.

An analysis of medical claims at chaparral steel co. identified lower back problems as the most common problem experienced by steelworkers and managers alike. the interdisciplinary approach most appropriate for this problem would be:

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The most appropriate interdisciplinary approach for this problem is Biological. Biological approach is an interdisciplinary approach to job design to emphasize the personal interaction with physical aspects of the work environment and concern with physical exertion. The biological approach also attempts to explain the behavior interaction within the human body.

Marketing consists primarily of advertising a product or service.

a. True

b. False

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I think the answer would be false. Marketing does not primarily consists of only advertising a product or service. It involves with the buying and selling of a product or a service. It would include advertising, selling of the products and the delivery of these products to the consumers. It should be able to coordinate the 4P's in marketing namely the product, the price, the place and the promotional strategy. So, it is not mainly advertising a product or a service. 

Elaine feels that her life is empty. over the last few months, she has lost interest in her career and hobbies, and she wonders if she would be better off dead. she is most likely suffering from:

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Elaine is likely experiencing a major depressive disorder. It is a type of mental illness in which a person exhibits depression in a way his or her symptoms shows lack of interest in activities and produces gloomy or low mood. The person would likely show lack of energy in his or her daily activities and would likely think or try committing suicide for he or she feels useless or tired of living.

A presidential _________ is usually expressed as the percentage of the american public who say the president is doing a good job.

Answers

Would it be candidate!!!!!!

A presidential candidate is usually expressed as the percentage of the American public who say the president is doing a good job.

Can anyone be a presidential candidate?

A Presidential candidate must be A natural-born citizen (U.S. citizen from start) at least 35 years old and. A U.S. resident (completely lives within the U.S.) for at least 14 years.

Nowadays, in forty-eight states, people participate in primaries or caucuses to pick delegates who aid their presidential candidate of choice. At country-wide birthday party conventions, the presidential contender with the maximum state delegate votes wins the celebration nomination.

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An employee who pockets cash received from a customer without recording the transaction is an example ofâ a(n):
a. expense scheme.
b. cash register scheme.
c. disbursement scheme.
d. check tampering scheme.

Answers

The correct option is B. Cash register scheme is a type of fraud scheme in which an employee falsely document a refund for a returned product and pocket the money meant for the refunding. It may also occur in form of accepting cash from customers without recording it in the cash register. 

All of the following are tools of monetary supply EXCEPT
a. selective credit controls.
c. liability and assets.
b. moral persuasion.
d. open market operations.

Answers

Except for liability and assets. Accounting standards characterize an advantage as something your organization possesses that can give future financial advantages. Money, stock, debt claims, arrive, structures, hardware - these are on the whole resources. Liabilities are your organization's commitments either cash that must be paid or benefits that must be performed.

In order to lose weight, energy expenditure must exceed energy intake. negative energy balance occurs when the body is using more energy than it is taking in. bmr, or basal metabolic rate, is the main component of energy expenditure. this is the number of calories burned that is needed for basic bodily functions, like pumping blood through veins, enzyme production, cell turnover, and breathing, but does not include digestion. a bmr for an average, healthy adult is between 1200 kcal and 1800 kcal per day. in order to lose 1 lb of weight, a negative balance of 3500 kcal must occur. arthur is a 20-year-old student who gained 12 lb since becoming a college student 2 years ago; for the past 6 months, his weight has stabilized. now he is interested in losing those 12 lb in 2 months. arthur consumes 3000 kcal per day. in order to lose 12 lb in 8 weeks, arthur will need to:

Answers

Arthur will have to expend the energy that is stored in the 8-week period, and we may calculate this using the provided information.

Total fat stored = 12 lb
Total energy = 12 * 3500 = 42,000 kcal
Per week, he has to have a negative balance of:
42,000 / 8 = 6,000 calories

First, we write the daily input:
3,000 kcal

Output:
1,800 kcal (basal metabolic rate)

Negative balance:
6,000

Burned:
b

Now, we may use the equation:

Input = deficit + output + burned

burned = 3,000 - 6,000 - 1800

Arthur must burn a total of 4,800 kcal daily if he wishes to lose that much weight in the given amount of time.

What makes infographics great marketing tools ?

Answers

Well it is a graph or diagram that can show a lot of information and It may convey a point better then just a piece of writing

Answer:

This particular infographic is effective because it gives you all the information you need to know. For example, The infographic gives you the amount of empty calories in both number form and picture form. Another great thing about this infographic is that it is very organized. it has Pictures of the food at the top then the total amount of calories, after that, what the food is,and the amount of food. Then below that it includes the amount of empty calories, first in number form, and then in picture form.The infographic is very easy for anyone to read.

Explanation:

The records of amounts due from customers and payments made thereon are collected in

Answers

Records of amounts due from customers and payments made are usually collected in the 'accounts receivable' ledger.

The records of amounts due from customers and payments made are usually collected in an 'accounts receivable' ledger in the world of business and accounting. These records contain detailed information about the

transaction, including the amount owed by the customer, the date of the transaction, and the payments made thereon. For instance, let's say a business sells goods to a customer on credit, the amount of money due from the customer will be recorded in the accounts receivable account, and any subsequent payments made by the customer will also be recorded in the same account.

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Final answer:

The records of amounts due from customers and payments made by customers are collected in Accounts Receivable, which represents the money a business is owed by its customers.

Explanation:

The records of amounts due from customers and payments made on these amounts are typically collected in what is known as Accounts Receivable. This is a critical component of a company's balance sheet, and it represents the money owed to a business by its clients. When a company sells its goods or services to a customer on credit, an account receivable is created. This account tracks all unpaid invoices and represents the total amount of money the customers owe the corresponding company.

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The journal entry to record the transfer from work in process to finished goods would include a debit to

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Debt to finished goods
Credit to work in process

A prospective buyer submits an offer to purchase a home for $256,000. the seller changes the price to $260,000, initials the change, signs the offer and sends it back to the purchaser. what has occurred here?

Answers

The answer to the question is that the seller has rejected the initial offer and has offered a counter-offer to the prospective buyer. The seller was likely unsatisfied with the initial offer and has issued a counter-offer to the purchaser.

The seller has made a counteroffer by changing the price and sending it back to the buyer, who can now respond to this new offer.

When the seller increases the original purchase offer from $256,000 to $260,000, initials the change, signs the offer, and sends it back to the purchaser, a counteroffer has been made. This occurs in real estate transactions when the seller is not satisfied with the buyer's initial offer and adjusts the price or terms before agreeing to the sale. The prospective buyer can now decide whether to accept the seller's counteroffer, reject it, or make another counteroffer.

What is one disadvantage of our free market society?

Answers

The major disadvantage of the free market is the uneven distribution of wealth.

Further Explanation:

Free market:

The free market refers to the market where government intervention is minimum or zero. The exchange of goods and services is held voluntarily based on the demand and supply of the product. The main characteristic of the free market is that there is no transaction condition. All the transactions are carried out between the buyer and seller without any condition. Laissez-faire capitalism and voluntary socialism are examples of the free market.  

Disadvantage of the free market:

The major disadvantage of the free market is the uneven spread of wealth. Without government intervention, only a handful number of buyers may take over the market and creates a cartel and manipulate the price of the product. It would lead to a higher profit for handful sellers and very little margin for other sellers. It will result in the uneven spread of wealth where a very few sellers would earn most of the profit.

Thus, the major disadvantage of the free market is the uneven distribution of wealth.

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Answer Details:

Grade: Senior school

Chapter: Free-Market

Subject: Economics

Keywords: one, disadvantage, our, free, market, society, government,  intervention, characteristic, voluntarily

In economics, the term "capital" refers to

Answers

In economics the term ""capital" refers to buildings and equipments.
The term capital has many definition according to the subject, it is changed in every field. In economics production has three factors and the term capital is one of the factor of production. Other factors of production are land and labor, together all three factor makes the production.
Final answer:

Capital in economics refers to man-made resources like machinery and buildings used in the production process, not to be confused with financial capital, which is money used to purchase these resources.

Explanation:

In economics, capital refers to the man-made resources that are used to produce goods and services. This includes not only physical objects like buildings, factories, tools, and machinery, but also intellectual properties like software and inventories which can enhance production capacities. For example, for a pizza shop, capital refers to the oven, pizza peel, the building, tables, and chairs, which are instrumental in producing and serving pizza to customers.

Contrary to some misconceptions, capital is not the same as financial capital (money). Money serves as a form of financial capital and can be used to acquire physical capital, but it cannot be used directly in the production process. Capital goods are the result of production and are further used in the production of other goods and services. Therefore, capital is considered both a product of and a resource for production.

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If a search warrant is technically incorrect it may still produce admissible evidence under the

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Sometimes judiciaries make errors when issuing warrants—they may not have had adequate probable cause to do so. Or, the information trusted upon by the police may turn out to be wrong, through no fault of the police. In most circumstances, the search will still be valid. In the case of U.S. v. Leon (1984), the U.S. Supreme Court administrated that if the police conduct a search in good faith reliance on a warrant, the search is valid and the evidence is admissible, even if the warrant was in fact void through no fault of the police.  If the police had judicious, good faith belief that they were performing according to legal authority, such as by depending on a search warrant that is later found to have been legally unreliable, the illegally seized evidence is admissible under this rule.

________ databases are the most commonly used electronic databases.

Answers

The answer to this question is a relational database. A Relational database is a computer database that is stored in which information and data that is stored have a relation with each other. Relational database is also a set of tables, records, and columns. The software that is used in a relational database is called a relational database management system or RDBMS. 

Relational databases are the most commonly used electronic databases.

The term "relational database" refers to a particular kind of database that stores and arranges data in tables, with each table having a set of rows and columns. A relational database is a type of computer database where the information and data that are saved are related to one another.

Tables, records, and columns make up a relational database as well. RDBMS, or relational database management system, refers to the program used in relational databases.  Numerous industries, including healthcare, finance, and e-commerce, among others, frequently employ relational databases.

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Special retirement after-tax savings accounts created by the government are ________.

Answers

They are ROTH IRAs. Roth IRAs is a retirement saving account that allows money to accumulate tax free. The account is fund with pre-tax dollar, so no tax deduction is made on the money again, when the money is withdrawn at retirement it will be with no tax payment.

Jenna, a 10-year-old, has a mental structure, or schema, about what typically happens when you go out to eat in a restaurant. her schema indicates that a host or hostess first leads you to a table, then a waiter or waitress comes to take your order, and so on.

Answers

This kind of mental structure is called a script.
The same term is used in the movie and theater industry - actors receive a script which will tell them exactly what they need to do. The same thing goes here - Jenna knows that the people working in the restaurant will behave as if they had a script to follow.

What change in monetary policy would eventually cause overborrowing and overinvestment?

Answers

The answer to the question above is INCREASE IN MONEY SUPPLY. This is change in the monetary policy that would result in over investment and over borrowing. Actually, the money supply is being regulated by the FED. There is an increase money supply when the government purchases bonds such as government securities. As a result, there would also be an increased availability of funds for private banks in which they can use to lend-out or loans. This is where over borrowing and over investment comes in.

What is the general effect of the fair labor standards act of 1938?

Answers

Fair Labor Standards Act of 1938. The Fair Labor Standards Act, establishes minimum wage, overtime pay, recordkeeping, and youth employment standards  affecting full and part-time workers in the private sector and in Federal, and local governments.

Answer:

a.

To protect the rights and wages of employees

b.

To protect the rights and interests of business

c.

To protect the rights and wages of child laborers

d.

To protect the interests and principles of capitalism

Explanation:

 

When identifying risks, which domain is an example of insurance denial of care and billing and collections:?

Answers

The answer is Financial Domain. A financial domain is a particular region of buyer fund that can be secluded, inquired about, created, investigated, and demonstrated autonomously of different areas, a procedure known as exemplification or practical deterioration. A money related area therefore depicted turns into a part that can be demonstrated.

Given the following list of accounts with normal balances, what are the trial balance totals of the debits and credits?

Answers

Please see attached image to see the given data.

 

The trial balance totals of the debits and credits are $2,250 debit, $2,250 credit.

 

$1000 (cash) + $500 (Equipment) + $750 (Salaries Expense) = $2,250 Debit

$350 (Accounts Payable) + $900 (Capital) + $1000 (Service Fees) = $2,250 Credit

Is it consistent to favor the free exchange of goods within a nation but to support trade restrictions on imported products?

Answers

I would say it is consistent to favour the free circulation of goods within one's own country but also import restrictions because in both cases one is trying to protect the sale of products made within one's country. What is not consistent is to say one favours free trade and then when one is  affected too much by foreign goods competition to then slap import penalties on other countries but still expect to flood other markets with the goods of one's country.

The cost of the pizzas you ordered for lunch was $45.45. Nine people ate pizza. How much will each person owe for lunch? A. $5.05 B. $5.09 C. $5.45 D. $5.15

Answers

$45.45/9 people = $5.05 each people owe
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