Because successive units of a good produce less and less additional satisfaction, the price must fall to encourage a buyer to purchase more units of the good. This statement is most consistent with which explanation for the law of demand? Multiple Choice diminishing marginal utility the rationing function of prices the income effect the substitution effect

Answers

Answer 1

The above statement is most consistent with the diminishing marginal utility.

What is diminishing marginal utility?

Diminishing marginal utility refers to the decline in additional satisfaction derived from the consumption of more and more units of goods.

Hence, the above statement is most consistent with the diminishing marginal utility.

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Related Questions

Which of the following is probably the MOST difficult environmental factor for owners
and managers to forecast, influence, or integrate into business plans?

Answers

Social change is a difficult environmental factor for owners and managers to forecast, influence, or integrate into business plans.

What is social change?

Social change is one the external factors that affect market.

It makes it difficult for the marketing management and staffs to make decisions and plans regarding market.

Therefore, Social change difficult environmental factor for ownersand managers to forecast, influence, or integrate into business plans.

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In the IS-LM model when government spending rises, in the short-run equilibrium, in the usual case the interest rate __________ and output ___________

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In the IS-LM model when government spending rises, in the short-run equilibrium, in the usual case the interest rate rises and output rises.

What Is the IS-LM Model?

The IS-LM version, which stands for "investment-savings" (IS) and "liquidity preference-cash supply" (LM) is a Keynesian macroeconomic version that suggests how the marketplace for monetary goods (IS) interacts with the loanable finances marketplace (LM) or cash marketplace.

It is represented as a graph wherein the IS and LM curves intersect to reveal the short-run equilibrium among hobby charges and output.

Your question is incomplete, but most probably your full question was:

In the IS-LM version while authorities spending rises, in short-run equilibrium, withinside the typical case, the interest rate ______ and output ______.

rises; fallsrises; risesfalls; risesfalls; falls

Hence, the appropriate alternative is rises; rises.

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neither tom ________ manny has emailed the document to jerusha.

Answers

Neither tom nor manny has emailed the document to jerusha.

What is email?

Email contains information or message that is sent electronically.

Neither agrees with nor in a sentence as they both act as conjugate and this means neither of the two emailed Jerusha.

Therefore, Neither tom nor manny has emailed the document to jerusha.

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James has $1500 to open a checking account. He can maintain a monthly balance of at least $1000. He plans to use the ATM four times per month at his local branch. He does not overdraft his account and plans to use direct deposit. He also plans to pay his bills online and he averages 8 bills per month. Bank Account Terms and Conditions James wants an account with the lowest fees. Which checking account would be best for James

Answers

Based on James's preferences and the conditions offered by the banks, the best checking account for James would be Account A.

Which account should James pick?

James would be able to use the ATM as many times as he wants with Account A as they have no ATM fees.

He wouldn't have to pay annual fees, online billing fees, and monthly fees because he is using direct debit. There will also be no overdraft fees as he doesn't overdraft his account. Account A is therefore best.

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Under what circumstances does fair use apply

Answers

Answer:

Fair use protects the usage of copywritten content under the condition that the content is criticizing or parodying said content

Explanation:

7. If the variable cost per unit increases by $1, spending on advertising increases by $1,150, and unit sales increase by 130 units, what would be the net operating income

Answers

Disclaimer

The question is incomplete and hence the correct question is shown below

Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units):

Sales: $20,000    

Variable expenses: $12,000    

Contribution margin: $8,000    

Fixed expenses: $6,000

Net operating income: $2,000  

If the variable cost per unit increases by $1, spending on advertising increases by $1,150, and unit sales increase by 130 units, what would be the net operating income?

The net operating income is $860

Given the values for sales , variable expenses , contribution margin , fixed expenses and the net operating income

We know that

Sales: ((1150+130)=1180 units) * ($20,000/10)=$20) = $23,600

Variable Expenses: 1180 units * ($12,000/1000)+1) = $13) = $15,340

Contribution Margin (Sales - Variable Expenses): $8,260

Fixed Expense (Variable Expense - Contribution Margin): $7,400

Net Operating Income (Contribution  Margin - Fixed Expense): $860

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Kaylee's refrigerator suddenly breaks down. It's old and would be expensive to repair, so she decides to buy a new one. Kaylee chooses a refrigerator with a 12-month, no-interest financing offer. The sales agreement lists the sale price, the amounts and dates of payments, the APR that will apply if Kaylee doesn't pay off the refrigerator in 12 months, and a lot of other information. The law that requires sellers to provide this information to purchasers is

Answers

Kaylee's refrigerator suddenly breaks down. It's old and would be expensive to repair, so she decides to buy a new one.  The law that requires sellers to provide this information to purchasers is "The Truth-in-Lending Act". This is further explained below.

What is The Truth-in-Lending Act?

Generally,  In 1968, Congress passed and President Nixon signed the Truth in Lending Act (TILA) to protect customers from dishonest lenders.

In conclusion, Kaylee's fridge has broken down unexpectedly. Being too old and costly to fix, she opts to replace it instead. The "Truth-in-Lending Act" is the piece of legislation that mandates vendors provide this data to buyers.

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The role of the Federal Open Market Committee is to:

Answers

Correct Option B : The role of the Federal Open Market Committee is to appoint the Federal Reserve Board of Governors.

The Open Market Committee (FOMC) is a regulator, but it is only loosely "controlled" by the laws that make it up and by the organizations to which it belongs (the Federal Reserve Board of Governors, and the 12 Federal Reserve District Banks, which are owned in turn by Private Banks).

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Answer: D. Set monetary policy for the United States.

Explanation: just did the test :) hope it helps you

Which firm is most likely to be a natural monopoly?

Answers

A pharmaceutical industry is most likely to be a natural monopoly

What are natural Monopoly?

A natural monopoly is a type of market that is established on a large scale basis.

It is mostly managed by an individual because of the running cost and the industry will supply goods related to them.

Therefore, A pharmaceutical industry is most likely to be a natural monopoly

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Many corporate executives reported that they use social media to communicate their socially responsible activities to customers because it: Multiple select question. reaches broad and diverse groups allows them to connect directly with customers allows them to reach specific groups more directly is costly, but worthwhile in reaching specific customers

Answers

Many corporate executives reported that they use social media to communicate their socially responsible activities to customers because it allows them to connect directly with customer.

What is social responsibility?

It should be noted that social responsibility is when a company monitors and does things that will be beneficial to the public.

In this case, many corporate executives reported that they use social media to communicate their socially responsible activities to customers because it allows them to connect directly with customer.

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Answer:

reaches broad and diverse groups

allows them to connect directly with customers

allows them to reach specific groups more directly

Explanation:

In maslow's hierarchy of needs, which level includes physical safety and security relating to employment?

Answers

In Maslow's hierarchy of needs second tier level includes physical safety and security relating to employment.

What is Maslow's hierarchy of needs?

   Maslow's hierarchy of needs is a psychological theory proposed by Abraham Maslow where he outlined his observations of humans' innate curiosity.

   

   Abraham Maslows hierarchy is a classification system intended to reflect the universal needs of society as its base, then proceeding to more acquired emotions.

    The second tier level includes physical safety and security relating to employment.

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Jasmine's General Store advertises cans of X-brand tomatoes for $.33 per can, although she does not have any in stock. When customers arrive to buy the tomatoes, Jasmine tells them that her stock of tomatoes has been sold and that she cannot get more at the lower price. She tells customers she has Y-brand tomatoes in stock for $.55 per can and that the Y-brand tomatoes are far superior to the X-brand. Jasmine is:

Answers

In this scenario, where the store advertises cans of X-brand tomatoes but sells Y-brand tomatoes instead at a higher price, Jasmine is a. engaging in bait-and-switch advertising.

What is bait-and-switch advertising?

Bait-and-switch advertising is a sales fraud that involves luring customers in with false claims about product quality and price when it is not available.

During the process, the customer is usually offered another product that may have a higher price than the one originally advertised.

Question Completion with Answer Options:

a. engaging in bait-and-switch advertising.

b. violating regulation Z.

c. employing good business tactics.

d. engaging in counter-advertising.

Thus, Jasmine is a. engaging in bait-and-switch advertising.

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What is the corpus callosum?

Answers

The corpus callosum  is the part of the brain that has white matter that helps in  the connection  of the left and the right cerebral parts of the human brain.

What is the role of the corpus callosum?

The role of the Corpus Callosum is to make sure that the right side and the left side of the brain are able to connect.

By the word connect, this would mean that they are able to send messages to each other.

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when making deferral adjustments to record the amount used during the period for items such as prepaid insurance or supplies, the debit will a(n) ___________ account. (enter one word per blank.)

Answers

When making deferral adjustments to record the amount used during the period for items such as prepaid insurance or supplies, the debit will be an Expense account.

What are deferral adjustments?

Deferral adjustments are accounting entries that shift some portions of a deferred account into the current period.

These deferral journal entries include:

Revenue entries (recognizing current or earned revenues)Expenses entries (recognizing current or incurred expenses against prepayments).

Thus, when making deferral adjustments to record the amount used during the period for items such as prepaid insurance or supplies, the debit will be an Expense account.

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which of the following items are initially recorded as an expense on the income statement?

Answers

The items that are initially recorded as an expense on the income statement are:

a. Research and development costsb. Advertising costs

What is an Income Statement?

This refers to financial information that stores all the inflows and income that occurred over a period of time.

Hence, we can see that from the complete text, there are lists of items and the Research and development costs and Advertising costs are initially included as expenses in the income statement.

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The marketing concept that states that a business must find out what consumers want and provide it for them is called the:

Answers

The marketing concept that states that a business must find out what consumers want and provide it for them is called the customer orientation.

What is Customer orientation?

Customer orientation can be regarded as the business approach which involves giving attention to customer first by the company.

It  focus on helping customers meet their goals and find out what consumers want and provide it.

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in which situation is a country most likely to choose a fixed exchange rate for its currency

Answers

Probably the best reason to adopt a fixed exchange rate system is to commit to a loss in monetary autonomy. This is necessary whenever a central bank has been independently unable to maintain prudent monetary policy, leading to a reasonably low inflation rate.


most likely the best motivation to embrace a proper conversion scale framework is to focus on a misfortune in money related independence. This is fundamental at whatever point a national bank has been freely unfit to keep up with judicious money related strategy, prompting a sensibly low expansion rate.

Losses in asset values due to adverse changes in interest rates are borne initially by the

Answers

Losses in asset values due to adverse changes in interest rates are borne initially by the equity holders

Who are the equity holders?

Equity holders are individual that owns a particular asset that has liabilities attached to them

Equity is expressed as difference between liabilities and assets of a business.

Hence we can conclude that losses in asset values due to adverse changes in interest rates are borne initially by the equity holders

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a simple contract is defined as an informal contract made without the formalities of a seal. true false

Answers

It is true that a simple contract is defined as an informal contract made without the formalities of a seal.

What is simple contract?

This is a contract between two parties which could be oral or written. It is to be noted that parties to simple contract have intended to be legally bound by it.

Some of the examples of simple contracts are:

Employment contractVendor and suppliers agreementSoftware license agreement.

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In order to successfully carry out an acquisition, the managers at Pink Inc. prepared a list of potential target companies that it could purchase. In the next step, the managers evaluated each prospective company in depth to understand their methods of operations, processes, procedures, strengths, and limitations in order to choose the best target company. This process of evaluating the companies is best known as _________.

Answers

This process of evaluating the companies for acquisition is best known as A. Due diligence.

What is corporate acquisition?

Corporate acquisition refers to the corporate act of taking over another company for business expansion and other strategic intents.

To make a successful acquisition, the acquiring company carries out due diligence by evaluating potential acquisition candidates.

Question Completion with Answer Options:

A. Due diligence

B. Market intelligence

C. Consultation

D. Market evaluation

Thus, this process of evaluating the companies for acquisition is best known as A. Due diligence.

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________ occurs when an agency, rather than acting in the public interest, becomes too favorable toward the organized interests or corporations it is supposed to be regulating.

Answers

When an agency acts in the interests of corporations it is meant to be regulating, this is called Regulatory capture.

What is regulatory capture?

In order to ensure that corporations don't act in ways that threaten the public, regulatory agencies are tasked with moniotirung their moves.

When these agencies stop regulating these companies and instead becomes favorable to them, then the agency has been captured in what is called regulatory capture.

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Suppose an economy is at its steady-state equilibrium and there is a permanent reduction in the saving rate of the economy. In this case, as the economy approaches its new steady state, capital per worker will _____ and output per worker will _____.

Answers

In this case, as the economy approaches its new steady-state, capital per worker will increase and output per worker will decrease. This condition is true according to the Solow Growth Model.

What is the Solow Growth Model?

The Solow Growth Model references Long-Run Economic Growth in relation to Savings and Investment.

According to this model, an increase in savings translates to positive economic indicators such as reduced employment and increment in national income.

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Which buyer agreement document provides the greatest advantage for you in your relationship with a potential buyer

Answers

Answer:

the buyer document is a contract documents

The buyer agreement document that provides the greatest advantage for you in your relationship with a potential buyer is a contract.

What is a contract?

A contract is a legally binding agreement between two or more parties that outlines the terms and conditions of their relationship. It establishes the rights and obligations of each party and provides a framework for resolving disputes. A contract can be written or verbal, but written contracts are generally preferred as they provide clear evidence of the parties' intentions.

If you enter into a contract with your potential buyer, the buyer will have a legal obligation to buy your product or service at a predetermined price and date. So, it guarantees that sale would happen.

Therefore, the buyer agreement document that provides the greatest advantage for you in your relationship with a potential buyer is a contract.

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Max owns a townhouse in Sacramento. He is in the process of leasing it to Hannah. The contractual lease states Hannah Scott will be leasing Max Thomas' townhouse for two years beginning July 1. She will be paying $1,000 per month due by the first of each month. The lease clearly states Max will be the landlord of the townhouse and Hannah the tenant. Is there a minimum requirement for a California lease missing

Answers

The minimum requirement for a California lease that is missing in the contractual lease between Max and Hannah Scott is the absence of a sufficient description of the property.

What are the minimum requirements for a California lease?

A California lease requires a sufficient description of the property, for example, an address, which gives it a legal description.

Other requirements for a California lease include:

Rental amountDuration of the rental periodPayment due datesDeposits or feesCondition of the property at the beginning of the leaseMaintenance expectations.

Question Completion with Answer Options:

a. No, the lease has met all of the minimum lease requirements of the state of California.

b. Yes, the missing minimum requirement is the absence of the issue of a security deposit.

c. Yes, the missing minimum requirement is the absence of any assignment and subleasing options.

d. Yes, the missing minimum requirement is the absence of a sufficient description of the property, such as an address and/or a legal description.

Thus, the minimum requirement for a California lease that is missing in the contractual lease between Max and Hannah Scott is the absence of a sufficient description of the property.

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Describe the role of hotel management in the field of tourism. .​

Answers

Answer:

The management of staff members as well as the planning, marketing, coordinating, and administration of hotel services including food and lodging amenities are within the purview of hotel managers.

A small island country has recently begun an initiative aimed at attracting more businesses to revitalize the economy. An increase in bed and breakfasts, resorts, casinos, hotels, and restaurants has created several jobs, as well as brought in more tourist dollars. However, the island’s president isn't satisfied and has announced a special effort to attract small- to medium-size suppliers and manufacturers. Why do you think he wants to put additional emphasis on businesses that produce goods rather than provide services?


Service jobs have higher salaries than manufacturing jobs.

Manufacturers pay more in taxes.

Manufacturing has the most significant multiplier effect.

Service businesses conflict with manufacturing.

Answers

Option (b) Manufacturing has the most significant multiplier effect.

Manufacturing is the basic to produce any product or to start any business. As in the case study we studied small island country has taken initiative to attract more and more business. On the other hand, president has announced a special effort to attract small- to medium suppliers and manufactures because to firstly balance everything in the economy like reduce unemployment, providing proper wages so that workers would encourage to perform best in their fields.Once the everything is balanced then it can lead to hike in the economy.

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In early April, an investor buys 1 XYZ Oct 60 call for $9 and sells 1 XYZ Jul 70 call for $4. If the investor buys back the Jul call for $1 and sells the Oct call for $12, what will the pretax profit or loss be?

Answers

Answer:

$600 profit

Explanation:

bought Oct Call at $9 and sold at $12 = $3 profit
sold Jul Call at $4 and bought back at $1 = $3 profit
total profit $6 per option x 100 shares = $600

what type of transaction is recorded when a customer pays via a payment link?

Answers

The type of transaction that is recorded when a customer pays via a payment link is:

Sales Receipt

What is a Sales Receipt?

A sales receipt is a confirmation of payment. After a given amount is deposited for a good or service, the system automatically generates a confirmation of the transaction. This is called a sales receipt.

The sales receipt can be screenshot as proof of payment.

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Assume that a company buys a new machine for $220,000 that has a useful life of five years and a $20,000 salvage value. The new machine will replace an old machine that can be sold for a salvage value of $10,000. The machine will generate incremental contribution margin of $37,500 per year. The only fixed expense associated with the new machine is its annual depreciation of $40,000 per year. What is the payback period for this investment

Answers

Payback period of investment- In case of capital budgeting, it refers to the amount of time taken place to recover the amount or cost of investment.Initial cost of investment = Amount invested – Value of salvage sold

                                                 = $ 220000 – 10000

                                                 = $ 210,000

Annual Cash inflow = Contribution margin = $ 52500

Payback period = Initial cost of investment /Annual cash inflow

                                     =$210000 / 52500

                                     = 4.0 years

Answer = 4.0 years

Hence, in four years pay back period for this investment will take place

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Between 1986 and 2018, the top marginal personal income tax rate was 40 percent or less compared to 70 percent or more prior to 1981. Compared to the earlier time period, in recent years the share of personal income taxes paid by high income taxpayers a. has been virtually unchanged. b. has been lower. c. has been higher. d. increased in the late 1980s, but has been falling ever since.

Answers

When compared to the earlier time period, the share of income paid as taxes by high income earners b. has been lower.

How has the percentage of income tax paid changed?

Before 1981, high earners could pay as much as 70% of their earnings as taxes to the government.

Since 1986 however, high earners have not paid more than 40% of their earnings which shows that they are paying percentages on their income.

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