Please Help Me 2. Does the principle of decreasing marginal utility apply to this good or service? Have you reached the point of decreasing marginal utility? Explain.
4. List two inferior goods and describe what makes them inferior. What normal goods could substitute for these inferior goods? What might it take for a consumer to switch to these normal goods?

Answers

Answer 1

According to the "Law of Diminishing Marginal Utility," the marginal utility of any good or service declines, ceteris paribus, as the quantity of the good rises. In other words, as consumption increases, overall utility rises more and more slowly.

What Does Ceteris Paribus Mean in Economics?

The Latin expression ceteris paribus, which means "keeping other things constant," is frequently translated into English as "everything else being equal."

It serves as a quick indicator of the impact of one economic variable on another, assuming all other factors remain constant. It is a core tenet of conventional economic thinking (constant). When we state, "One variable influences another, ceteris paribus," we are, in a scientific sense, effectively adjusting for the effects of some other factors.

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Related Questions

during the 1790s, what occurred as a result of the disagreements between thomas jefferson and alexander hamilton?

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The Compromise of 1790 was a split the difference between Alexander Hamilton, Thomas Jefferson, and James Madison, where Hamilton won the choice for the public government to dominate and pay the state obligations, and Jefferson and Madison got the public capital (Region of Columbia) for the South.

An early conflict between them, which happened not long after Jefferson got to work as secretary of state, prompted a new and significantly significant understanding of the Constitution.

All things being equal, they started to differ about how to characterize the power of the focal government. Hamilton had faith in a solid national government. Jefferson needed to be supportive of tect the powers of the states. Their contention reflected fundamental contrasts in their viewpoints about the majority rules system.

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Catherine the Great continued Peter the Great's policies by *
A. sponsoring Russian expansion across Siberia and the Bering Strait
B. allying with Poland to expand Russia's European territories
C. destroying the wealth and privieges of the nobility
D. acquiring new territory and expanding serfdom

Answers

Answer:

a

Explanation:

Answer: the answer to the question is A

Explanation:

what caused montgomery, alabama, to desegregate its buses?

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The Montgomery bus boycott, which began after Rosa Parks was detained on December 1, 1955, was a 13-month nationwide demonstration that gained momentum when the U.S. Supreme Court declared that segregation on public transportation is unconstitutional.

African Americans in Montgomery, Alabama, boycotted city buses as part of a civil rights demonstration in order to denounce segregated seating. The boycott, which ran from December 5, 1955, to December 20, 1956, is recognised as the country's first significant anti-segregation protest.

Segregation on public buses was declared unlawful by the Supreme Court after a 381-day Montgomery Bus Boycott. The Montgomery Bus Boycott made a significant contribution to transit equity and civil rights by assisting in the early removal of transportation access restrictions.

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what is causing the modern tension for the Balkans situation

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Explanation:

weak response by us eu is stocking kosovo Serbia tension says Balkans

Answer:

Nationalist tensions arose in the Balkans as a result of the spread of romantic nationalism ideas, as well as the disintegration of the Ottoman Empire, which had previously ruled over this region. The various Slavic communities in the Balkans began to seek independence.

Explanation:

someone pls help!!! i need all the help i can get.​

Answers

Answer:

the united states had

poorly equipped and difficulty paying soldiersbelived in the cause of independenceno strong central governmentstrong leadership and familliar terrain

the brits had

fought on unfamilliar terrainwell equippedfighting far away from homeland

the first circumnavigation of the world was completed in 1522 by

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The first circumnavigation of the world was completed in 1522 by Ferdinand Magellan crew.

Circumnavigation refers to the complete navigation around an entire island, continent, or astronomical body. Ferdinand Magellan (1480–1521) was a Portuguese explorer who is credited with masterminding the first expedition to circumnavigate the world.

Magellan set sail in September 1519 as part of an epic attempt to find a western route to the spice-rich East Indies in modern-day Indonesia. He successfully led his crew across the Atlantic, southern South America and the Pacific, but was killed only halfway through the circuit in a skirmish with natives on the Philippine Island of Mactan.

His expedition continued on without him and in September 1522, one of his ships arrived safely back in Spain having completed a successful circumnavigation of the globe with Juan Sebastian Elcano, a Basque mariner who took control of the expedition after Magellan’s death.

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before the 1700s, what did alchemists believe they could do with matter?

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Before the 1700s, alchemists believed they could use matter to prepare philosophers' stone.

Since ancient times, alchemists have been obsessed with the idea of using matter to create the fabled philosophers' stone. It is totally unbelievable from today's standpoint. Before the 1700s, it was widely believed that it was possible to use different elements.

Combinations of materials to create a single substance that could transform other substances and provide an unlimited source of wealth and health. Although this dream has yet to be realized, it's no wonder why alchemists throughout the centuries have remained passionate in their pursuit of the seemingly impossible.

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The way in which Hitler and the Nazi ued brutality and repreion, a well a propaganda, to enforce their policie and maintain power

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Nazi propaganda was the way in which Hitler and the Nazi used brutality and repression to enforce their policies and maintain power.

Nazi propaganda was used by the Nazi Party in the 1930s and 1940s as a tool to control public opinion and create an atmosphere of fear and hate. The use of carefully crafted messaging was meant to incite strong emotions, inspire nationalism, and justify the actions of the regime.

Propaganda was spread through posters, newspapers, radio broadcasts, films, books, and public rallies, with the goal of brainwashing citizens into supporting the party and its oppressive policies. This form of propaganda, used by one of the most notorious regimes in history, should be remembered as a powerful tool of manipulation that can still have implications today.

---------The question is incomplete the complete question is:

"What is the way in which Hitler and the Nazi used brutality and repression, as well as propaganda, to enforce their policies and maintain power?"---------

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What did the Europeans powers do to partition Africa into colonies?

Answers

Answer:

European troops conquered the continent

Explanation:

Africans were thus divided when European troops conquered the continent. For example, the British became players in a civil war in Northern Nigeria and backed one side against the other. This was the pattern of divide and rule which had long been used by European imperialists, since the sixteenth century.

What is the first amendment, and what is its purpose? ( ANSWER ASAP PLSS)

Answers

Explanation:

first amendment freedom of speech it also protects the right to peacefully protest

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