Does a 24-hour store follow the marginal benefit principles?

Q: Why do we use straight lines on demand and supply?

A: A demand schedule is a table that displays the quantity of goods requested in the market at various…

Q: What is known as the cross demand And what are the complementary goods explain?

A: Cross Demand Cross demand is a term used in economics to describe how responsive a change in…

Q: Rosa is training for a triathlon, a timed race that combines swimming, biking, and running. Consider…

A: From the above statement we can that there is always a tradeoff between two activities (work or…

Q: Choose the letter of the correct answer.     ____1. It is designed to measure the response of…

A: (1). The correct option is D. Elasticity is designed to measure the response of quantity demanded…

Q: How does supply and demand work in everyday life?

A: The demand and supply works as per economic laws in daily life as well.When in some cases, the…

Q: Juan buys t-shirt and wears it right away. The t-shirt is considered as ______ good. a. buyer b.…

A: Consumer goods are the goods that are consumed by the consumer after the purchase of the good.…

Q: A loss of purchasing power due to a price increase and a decrease in the amount of one good…

A: Due to price increase, if the purchasing power of a consumer decreases, it is the income effect.

Q: How to draw supply and demand curves for good 1 and good 2, respectively?

A: Demand Curve: - demand curve is the graphical way of showing the relationship between the quantity…

Q: Use willingness to pay and willingness to sell to determine supply anddemand at a given price

A: The maximum price that the buyer is ready to pay for a unit of commodity rather than go without it…

Q: our marginal benefit from eating candy bars is shown in the table below: Marginal Benefit Candy (MB)…

A: The change in total utility or benefit when one additional unit is consumed is known as the marginal…

Q: (Figure: Marginal Benefit Curves) Use the graph of marginal benefit curves for slices of cheesecake…

A: The buyer would buy a product of such quantity, where marginal benefit obtained from the product…

Q: Rosa is training for a triathlon, a timed race that combines swimming, biking, and running. Consider…

A: In a market, when an individual enters to make purchase of goods and services, his decision is based…

Q: Does a 24/7 store follow the marginal benefit principle?

A: The marginal benefit can be understood as equals the amount by which total benefit rises or enjoyed…

Q: I am trying to figure out how to find the marginal benefit

A: To show how to calculate the marginal benefit.

Q: Question 4 In the small outback town of Korweingiboora there is one main street, one mile long,…

A: We are going to solve this question using marginal approach.

Q: You are about to sign-up for a movie streaming service and are trying to decide how many movies you…

A: According to the marginal benefit (MB) rule, the net befit achieved from consuming a commodity is at…

Q: What does the number of buyers affect?    A. all individual supply curves  B. the market supply…

A: Meaning of Demand and Supply: The term demand refers to the willingness of an individual to…

Q: Use a real-life example of a social influencer helping create

A:

Q: Do you think 24-hour store follow the marginal benefits principles? Why or why not?

A: The dollar price a customer is able to charge for each transaction is often referred to as marginal…

Q: At a price of $4, what would be created and what would the amount of what is created be?…

A: Answer to the question is as follows:

Q: The difference between the price a consumer is willing to pay for a product and the price the…

A: Consumer surplus is the benefit that a buyer gets from purchasing a goods and services measured by…

Q: Define marginal benefit. Show the efficient point using a marginal cost/benefit diagram

A: Marginal benefit is defined as additional benefit derived from the consumption of one more units of…

Q: Rosa is training for a triathlon, a timed race that combines swimming, biking, and running. Consider…

A: If Rosa is swim for an hour, she must take time away from work. The amount that she can earn from…

Q: Task 2: At a price of $4, is there a shortage or surplus of bananas? How many pounds? Task 3: At a…

A: Given information: Q = 25 - 2P ---------> Demand function for bananas Q = 3P --------------->…

Q: For society, a good is not scarce if  a.firms are producing the goods at full capacity b.  all…

A: The economics as a study is considered to be a very vast area. In economics, the major idea is that…

Q: Juan buys t-shirt and wears it right away. The t-shirt is considered as ______ good. a. buyer b.…

A: Consumer goods are those goods which are used as basic necessity like food, clothing etc.

Q: Hi! Could someone help me with this? Thank you!!!!!

A: We are authorized to answer three subparts at a time since you have not mentioned which part you are…

Q: How should marketers respond to the changing environment?

A: It is essential to be proactive always in this rapidly changing environment for marketers. It is…

Q: What does the Hubbert show?

A: In particular, Hubbert's curve alludes forthright at which this creation rate is at its most…

Q: In economics, the __________ problem occurs when those who benefit from resources, goods, or…

A: Public goods are defined as those goods which are both non excludable and non rivalrous in nature.…

Q: Explain the effect of zakat to economic.

A: Meaning of Economics: The term economics refers to the situation under which there remain…

Q: Describe how need and want affect goods and services

A: Explanation: Goods are commodities that are generally (but not necessarily) tangible, such as pens,…

Q: Other than price, identify one market signal. Show how that market signal influences…

A: The information which is being either passed unintentionally or passively between market…

Q: Water is necessary for life. Is the marginal benefit of a glass of water large or small?

A: The marginal benefit of any substance is only measurable relative to the consumer. For me, a glass…

Q: Why are newspapers, but not soft drinks, sold in vending machines that allow customers to take more…

A: Necessary good is a type of normal good that consumers buy regardless of the change of their income…

Q: How to solve Market Equilibrium?

A: Definition  Market equilibrium – A market equilibrium occurs when the demand for a good is equal to…

Q: Which of the following is a producer good?

A: To find: Which is producer good.

Q: What is the main idea behind the concept of allocation of resources?

A: One of the most important functions of an economic system is the optimal allocation of scare…

Q: Factors that influence demand and supply

A: Supply and demand, in economics, is relationship between the amount of goods that producers want to…

Q: Good Y Ye YA Xg XA Good x Multple Choice diminishing retums. that X is an inferior good. an Increase…

A: Answer in step 2.

Q: Which of the following is most likely an inferior good?

A: Inferior Goods -  It is a good for which quantity demanded tends to decrease as the individual’s…

Q: Explain how an increase in income would affect demand for an inferior good and explain why giving an…

A: Inferior goods are those goods whose demand falls as the consumer's income rises.

Q: What is the difference between a "need" and a "value?"

A: There are many differences in need and value

Q: How the time affects supply, perishable Goods and how it affects the reproducible goods?

A: After harvest or manufacturing, perishable goods such as fruits and vegetables, dairy, fish, and…