One slice of pizza costs $4, but an entire
pizza with 8 slices does not cost $32. Explain why you think this
is the case, making reference to the principle of marginal utility.

Answers

Answer 1

Answer:

If a slice of pizza costs $4, an entire pizza with 8 slices may cost $30 due to the law of diminishing marginal utility.

Explanation:

The marginal utility of goods and services refers to the additional satisfaction that a consumer derives from consuming or buying an additional unit of a good or service.

In Economics, The law of diminishing marginal utility states that as the unit of a good or service consumed by an individual increases, the additional satisfaction he or she derives from consuming additional units would start decreasing or diminishing as the units of good or service consumed increases.

For example, buying a pizza and eating a slice may satisfy your cravings but eating another slice of pizza wouldn't give you as much satisfaction as the first due to diminishing marginal utility.

Hence, the pizza seller would place a discount on the price of a complete pack of pizza containing eight (8) slices so as to entice his or her customers while offering them value for money being paid.

Therefore, if a slice of pizza costs $4, an entire pizza with 8 slices may cost $30 due to the law of diminishing marginal utility.


Related Questions

Blossom Company is considering an investment that will return a lump sum of $850,000 3 years from now. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Blossom Company pay for this investment to earn an 6% return? (Round answer to 2 decimal places, e.g. 25.25.)

Answers

Ale jak się okazało w Polsce dniu narty nie skierowane to dniu tym świecie i jest ogóle nie ma problemu z tym że nie ma przecieku co w wszystko jutrzejszym terminie

what is 1635436743 times 76354

Answers

Answer:

1.2487214e+14

Explanation:

Tony is facing a financial crisis in his business. Instead of applying for a loan from a commercial bank, he takes a loan from the cooperative that he partly owns with some of his friends. This cooperative acts as a depository institution where all the members deposit their savings on a higher interest rate than that offered by commercial banks. Being a member of this cooperative, he gets the advantage of being charged lower interest rate on his loan. Based on the information given in the scenario, the cooperative owned by Tony and his friends exemplifies a(n) _____.

Answers

Answer:

credit union

Explanation:

A credit union can be regarded as

not-for-profit financial institution which is under control of the members who has money deposited in it. It doesn't maximize profit but rather give back favorable interest rates to it's members as profit.

This barrier of trade is when trading partners do NO trade with another country:

A. Tariff
B. Quota
C. Embargo

Answers

Answer:

C. Embargo

Explanation:

Trade Barriers are the conditions or restrictions that are imposed on the business transactions that controls the business to be sold out to the hands of foreign markets. These barriers add obstacles so that the businesses are restricted through various means. When a complete ban is imposed on the import or export of any goods to the foreign markets, the situation is termed as embargo. This type of ban is imposed for the defense purposes.

To what extent would a business be more successful in a monopoly market structure?

Answers

Answer: Monopolies use patents, mergers, and acquisitions to obtain industry dominance and ... prices can become significantly higher than in a competitive market. ... are back under the AT&T umbrella, the breakup is still considered a great success. ... using mobile technology to disrupt the cost structures of the telecom companies.

(a) Explain the nature of a partnership as a form of business ownership.
and give examples of typical​

Answers

The answer is a and b

DUE TODAY PLZ HELP

Consumer research should include information about the general habits of travelers.


True

False

Answers

The answer is true
Hope this helps
The answer would be true. I guess it would be important to know about travel habits if you’re doing a consumer research

Which of the following groups of people could be considered the first target market in America?

A. Women

B. Children

C. Men

D. Teenagers

Answers

Answer:

Option A. is correct.

Explanation:

A target market is defined as a group of consumers to whom a company wishes to sell its products and a group of consumers to whom a company wants to provide various services. For such customers, a company takes various marketing efforts.

Women could be considered as the first target market in America.

Option A. is correct.

How to do this question plz answer me​

Answers

Answer: See explanation

Explanation:

Business activities simply refers to the activities that are done in order to provide goods and services for the consumers and also generate profit.

1. The purpose of business activity is:.

To provide goods.

2. An entrepreneur might find setting up a business rewarding as he or she is in control and that may give the person a level of satisfaction. Also, the entrepreneur makes profit which is rewarding as well.

3. Building a good brand image gives credibility to the company and also brings about customer loyalty. Customers want to be associated with good brands. This can also help drive sales and revenue.

A trader has a portfolio worth $5 million that mirrors the performance of a stock index. The stock index is currently 1,250. Futures contracts trade on the index with one contract being on 250 times the index. To remove market risk from the portfolio the trader should

Answers

Answer:

A short futures position is required

Explanation:

Missing word "short or long in the forward or futures market?"

Worth of portfolio = $5 million

Stock is currently index = 1,250

The number of contract required is therefore:

==> {$5,000,000} / {1,250*250}

==> 16 contracts

So, in order to remove market risk from the portfolio, the trader should sell 16 contracts. 1 futures contract protects a portfolio worth 312,500 (1250*250).

In order to remove the market risk, there is need to gain on the contracts when the market declines. A short futures position of 16 contracts is therefore required..

If you know the answer plz help me out

Answers

Answer:

o Location

Explanation:

o Location

Explain the "Rule of 9 " as it pertains to marketing.

Answers

Answer:

When measuring burns in adults, the rule of nines assesses the percentage of burn and is used to help guide treatment decisions including fluid resuscitation and becomes part of the guidelines to determine transfer to a burn unit.

Explanation:

The transfer to the burn unit.

Jasper makes a $25,000, 90-day, 7 % cash loan to Clayborn Co. Jasper's entry to record the collection of the note and interest at maturity should be: (Use 360 days a year.)
A) Debit Cash for $25,000; credit Notes Receivable $25,000.
B) Debit Cash $25,437.50, credit Interest Revenue $437.50; credit Notes Receivable $25,000.
C) Debit Cash $25,437.50; credit Notes Receivable for $25,437.50.
D) Debit Notes Payable $25,000; Debit Interest Expense $1,750; credit Cash $26,750.
E) Debit Cash $26,750; credit Interest Revenue $1,750, credit Notes Receivable $25,000.

Answers

Answer:

B) Debit Cash $25,437.50; credit Interest Revenue $437.50; credit Notes Receivable $25,000.

Explanation:

Based on the information given Jasper's appropriate journal entry to record the collection of the note and interest at maturity should be:

Debit Cash $25,437.50

($25,000+$437.50)

Credit Interest Revenue $437.50

(7%*25,000*90 days/360 days a year =$437.50)

Credit Notes Receivable $25,000

(Being to record the collection of the note and interest at maturity)

What is suggestive selling? Have you experienced an example of this? If so, describe the experience. Why do restaurants use suggestive selling?

Answers

Answer:

Explanation:

Suggestive selling is when someone recommends a better version of the product which you are purchasing or even recommends another totally different product that may suit your individual needs better. Almost everyone has experienced this in some capacity before. For example, any time you go to a fast-food chain they always ask if you would like to increase the size of your order (super-size) for a small additional fee. This is suggestive up-selling, and companies do this because they make additional profit from these items that they are suggesting.

Do you think large multinational corporations in general like Wal-Mart, Apple, McDonalds and Frito Lay are good or bad for the world? Is "globalization" another word for “Americanization”? Why or why not? (3 points) Explain using complete sentences.

Answers

Answer:

The use of any trademark in this text does not vest in the author or publisher any trademark ... Part 1: Management Practice 110 A Manager's Dilemma 110 Global Sense 110 ... Retaining Competent, High-Performing Employees 462 Employee ... as you can see, managers can and do have an impact—positive and negative.

When seeking collaboration on writing instructions for product use before releasing the information to the consumer, which method would yield the best results? Blog Podcast Wiki Companies can use blogs to share late-breaking news of tidbits of interest to employees. This is an example of Blogs take the same care and attention as other business writing.

Answers

Answer:

Wiki

Explanation:

The best option in this case would be to use a Wiki, which is a collaborative website, where users can add content, news, information about a certain subject and thus generate more complete and efficient content.

The advantages of using Wiki for companies is the possibility of access controls, modifications, collaboration, etc.

So this would be the ideal method for a company that seeks collaboration in writing instructions for using the product before releasing the information to the consumer.

What is an advertising mix?
a. choosing the right demographic to be your target customer
b. creating an advertising budget and a subsequent plan
c. choosing multiple advertising media to deliver your message to the target customer
d. focusing on conveying the benefits of the product before discussing its features

Answers

Answer:

C

Explanation:

The largest source of federal revenue are ____ taxes.
A. excise
B. payroll
C. corporate income
D. personal income

Answers

Answer:

D. Personal Income

The sources of Federal Revenue are listen below:

Answer:

its D

Explanation:

lol

Fat Cat Furniture store sells two types of products; cat beds and scratching posts. Over the past year Fat at sold 6,000 cat beds and 4,000 scratching posts, the sales mix of 6,000 beds to 4,000 posts creates a percentage of 60% for the cat beds and 40% for the scratching posts. Fat Cat’s total fixed costs are $40,000. The cat bed’s unit selling price is $44.00 and variable costs per bed are $24.00. The scratching post’s unit selling price is $100.00 and variable cost per post is $30.00.

1. Calculate the weighted average contribution margin per unit. ($40)

2. Calculate Fat Cat’s breakeven point in units for the “package” of products.

3. Calculate how many units of each product line the company must sell in order to breakeven.

4. Calculate the sales dollars required of each product line to breakeven Do not use the weighted average contribution margin ratio formula due to rounding issues. May still use the weighted average contribution margin per unit formula.

5. Prove the breakeven point by preparing a contribution margin income statement Make sure to provide three columns: one for Cat Beds, one for Scratching Posts, and one for Total.

6. The owner of Fat Cat Furniture wants to earn a $60,000 profit. Calculate the sales volume in units and total sales dollars of each product line the company must sell in order to earn $60,000 in profit. Do not use the weighted average contribution margin ratio formula due to rounding issues. May still use the weighted average contribution margin per unit formula.

I need help especially on the 2nd question.

Answers

Answer: See explanation

Explanation:

1. Calculate the weighted average contribution margin per unit.

The weighted average contribution margin per unit will be:

= Contribution margin per unit × Sales mix ratio.

= ($20 × 60%) + ($70 × 40%)

= ($20 × 0.6) + ($70 × 0.4)

= $12 + $28

= $40

2. Calculate Fat Cat’s breakeven point in units for the “package” of products.

This will be:

= Fixed cost / Weighted average

= $40000 / $40

= 1000 units

3. Calculate how many units of each product line the company must sell in order to breakeven.

Breakeven for cat beds = 1000 × 60% = 1000 × 0.6 = 600 units

Breakeven for scratching post = 1000 × 40% = 1000 × 0.4 = 400 units

Every one clock this now please!
In your opinion who is better?
Technoblade
Ranboo
Dream
You will get brainlynest if you guess which is my favorite! :)

Answers

Answer:

ranboo he's so unproblematic and he's so funny

Explanation:

Answer:

I personaly like Tommyinnit, but from the list i like Dream.

Explanation: I think you like Ranboo.

NEED HELP ASAP ON A TIMER

Which of the following factors is a benefit of international trade over
domestic trade?


A. More limited ability to move resources due to tariffs

B. Less consumer choice

C. Lower cost of production

D. Higher political or military influence on the market

Answers

The answer to this is A.

Answer:

c. lower cost of production on A P E X

Explanation:

You work on salary. Normally, you make $375.00 a week. This week you worked 52 hrs.
How much is your gross pay?

Answers

Answer:

658

Explanation:

What is the purpose of the Subtotal feature?

Answers

Answer:

it automatically ignores rows that are hidden in a filtered list or table you can use this feature when you want to count ,sum and average etc values that are visible

Answer:

The answer is a

Explanation:

"Home made food contains proper nutrition describe them​

Answers

Answer:

sandwiches, soup, and others have real nutrition.

Explanation:

creating a budget is about your wishes and hopes for what you want your income to be.
True
False​

Answers

Answer:

False.

Explanation:

Creating a budget is not about your wishes and hopes for what you want your income to be, but must be done by having a realistic perception of the income and expenses that each person has from month to month. In this way, you can project responsibly, avoiding incurring debts or other negative consequences.

1. A differentiation strategy works best when a
A. firm has tangible resources, its focus of competition shifts to price, and equivalent substitutes are readily available.
B. firm's focus of competition shifts to price, and when increasing differentiation of product features do not create additional value.
C. firm's differentiated products are commoditized, and costs of providing uniqueness do not rise above the customer's willingness to pay.
D. firm has intangible resources, is able to pass on increases in supplier cost to the customer, and its differentiation appeal creates customer loyalty.
2. In the context of SWOT analysis, which of the following best exemplifies a firm's external opportunity?
A. an increase in its financial resources
B. an increase in its brand equity
C. an increase in its customers' disposable income
D. an increase in its employee productivity
3. In the context of the SWOT matrix, which of the following best exemplifies a firm's internal strength?
A. increase in a firm's customer loyalty
B. growth in the size of the market in which a firm operates
C. rise in the income of the demographic segment to which a firm caters
D. loss of a competitor's reputation

Answers

D bc lolllllllllllllllllllllll
The answer Is D!! Hope this helps

What can a database designer create to make it easy for people to create records?

A. A query

B. A form

C. A report

D. A field

Answers

Answer:

B. A form

Explanation:

I found the answer on quizlet

Answer:

It's B. A form

Explanation: hope it helps ^w^

4 Select the correct answer. Which of these components is a part of the Central Processing Unit (CPU) of a computer?​

Answers

Answer:

Control unit

Explanation:

Is a part of the "Central Ptocessing Unit (CPU)" of a computar. It is considerado a a "heart of the CPU.

Step 3: Now, let’s identify the factors that affect the Business Environment
As big as our economy is, it is still sensitive to changing dynamics that affect its performance and vitality. Consider these factors and how they impact business. CHOOSE JUST THREE FACTORS TO GIVE AN EXAMPLE FOR BELOW.

Economic: Jobs, interest rates & inflation are some of the forces that affect supply and demand, which determines how prices and quantities of goods and services perform in our economy.
Political/Legal: The stability of a government, and the types of laws it passes affects businesses profitability and investment
Demographic: Businesses have to consider their market’s age, gender, race, ethnicity and location.
Social: Attitudes, values, ethics, and lifestyles—influence what, how, where, and when people purchase products or services. They are difficult to predict, define, and measure because they can be very subjective.
Competition: Competition causes business to develop new products, services and technologies, and offer consumers greater selection and better products. The greater the selection of a good is in the market, prices are typically lower for the products,Global: Immigration/Refugees, political factors, tariffs, climate events and competition.
Technology: The use of science and engineering skills can be used to solve production and organizational problems. New equipment and software that improve productivity and reduce costs can be among a company’s most valuable assets.

Step 4: Choose THREE factors from the above list, and give an example of how you see this work in the economy:
(Name Factor here): (Example here of where you have seen this factor demonstrated).
(Name Factor here): (Example here of where you have seen this factor demonstrated).
(Name of factor here): (Example here of where you have seen this factor demonstrated).

(Example: Political/Legal: The Federal Reserve System)

Do you need more help understanding this topic? Read the linked article below.
Understanding the Business Environment (Link to Article)https://opentextbc.ca/businessopenstax/chapter/understanding-the-business-environment/

Answers

Ale jak się okazało w Polsce dniu narty nie skierowane to dniu tym świecie i jest ogóle nie ma problemu z tym że nie ma przecieku co w wszystko jutrzejszym terminie

Select all that apply.

Which of the following questions would you expect to see on an interest inventory?


Would you enjoy playing soccer?

Do you enjoy music?

Do you like science experiments?

Would you enjoy reading a fashion magazine?

Answers

Probably “would you enjoy reading a fashion magazine”

i think "do you enjoy music"

Other Questions
Evaluate the expression for b = 53b + 10 HEEEEELP please i need it what is 20.907x0.0004 Plz help Need Answer Quick What is the vector sum of 7, 5 and 13, 5? 20, 0 20, 10 6, 0 6, 10 Hyperinflations ultimately are the result of excessive growth rates of the money supply; the underlying motive for the excessive money growth rates is frequently a government's: A. desire to increase prices throughout the economy. B. inability to conduct open-market operations. C. need to generate revenue to pay for spending. D. responsibility to increase nominal interest rates by increasing expected inflation. help plz.............. Which of the following quotes BEST supports a central idea of thispassage?a) Sealed up the doors...so that my speed to Mantua there wasstayed."b) I could not send it...so fearful were they of infection."c) "Unhappy fortune!...neglecting it may do much danger."O d) "...must I to the monument alone.. she will beshrew me much..." Which Korean War outcomes are still in place today?A)The U.N. gave Russia power over North Korea, and U.S. troops left South Korea.B)North and South Korean leaders signed a treaty, and North Korea became a democracy.C)North and South Korea became one country, and North/South military joined together.D)Korea is divided into North/South countries, and U.S. troops offer support in South Korea. I seriously need help and I'm not understanding. Can anyone help me? Which properly matches the ethical issue? Check all that apply.HIPAA issue: giving a patients status to a patients coworkerinsurance issue: placing a patient higher than another on a donor list because of a personal relationship to the first patientpatient confidentiality issue: placing a patient in a drug research study to get the patient free medicationend-of-life issue: placing a patient on life supportnegligence: failing to give a patient anti-seizure medication, resulting in the patient having a seizure This Stem-and-Leaf Plot shows the number of minutes a group of students spent talking on the phone on a particular day. If 33 and 35 are added to the data, which statement will be true? A. The median will change; the mode will stay the same. B. The mode will change; the median will stay the same. C. The median and the mode will both change. D. The median and the mode will stay the same. Sam has a credit card balance of $562.37. He paid $200 of the balance this month and plans to pay the remainder of it next month. The annual interest rate for Sams credit card is 17.9%, which means he will pay 1.49% interest per month.a. If Sam makes no other payments or charges on the credit card during the next, what is the amount of interest that will be added to his next months bill?b. What will be the total amount Sam will owe on his credit card next month if he plans to pay the balance in full? Analyze Johnson Stores staffing budget for holidaysJohnson Stores is planning its staffing for the upcoming holiday season. From past history, the store determines that it needs one additional sales clerk for each $12,000 in daily sales. The average daily sales is anticipated to increase by $96,000 from Black Friday until Christmas Eve, or 27 shopping days. Each additional sales clerk will work an eight-hour shift and will be paid $14 per hour.a. Determine the amount to budget for additional sales clerks for the holiday season.Holiday staff budget for additional clerks $b. If Johnson Stores has an average 40% gross profit on sales. What is the additional profit generated if a staff is added for the increased sale?Additional profit $ what is -1/6 to the fifth power in fraction form PLEASE HELP 40 POINTS!!!Use the dichotomous key to correctly identify each dog in the picture above. 1a. Long hair dogsgo to #2b. Short hair dogsgo to #42a. more than one colorgo to #3b. only one color2b._______________33. a. short nosego to #5b. Long nose3b_______________4a. tall dogsgo to #6b. short dogsgo to #85a. white color chest5a___________________b. grey spotted chest5b___________________66. a. short nose6a___________________b. long nosego to #77 a. black and white spots7a___________________b. grey body no spots7b___________________8a. short nosego to #9b. long nosego to #109a. upright ears9a___________________b. floppy ears9b__________________10 a. more that on colorgo to #11 b. only one color10b___________________11a. stubby legs body close to the ground11a___________________b. longer legs body off the ground11b_________________ In the isosceles trapezoid shown, GJ = 5, HI = 9, and GI = 8.6. Determine the lengthof HJ. Ahh help!! The paper water cups near the water jug are cones of radius 2 inches and height 4 inches if a water bottle of cylindrical shape has a radius of 2 inches and a height of 8 inches how many full paper cups of water are required to fill one water bottle? please help due in 30 minutes will give brainliest. A city pool has 3 wading pools. Each pool is in the shape of a parallelogram with abase of 4.2 meters and a height of 3.2 meters. What is the total area of the splashpads?40.32 m2O13.44 m2O m10.4 m2