Which statement best illustrates the concept of diminishing marginal utility? a. if the price of hamburger declines, there will be a change in consumer tastes in favor of hamburgerb. a typical consumer will receive less satisfaction from consuming hamburgers than from consuming pork c. a typical consumer will receive less satisfaction from consuming the fourth hamburger per week than the third hamburger per week d. a decrease in the price of hamburger will cause consumers to buy more hamburger because they have, in effect, received an increase in income

Being an expert problem solver is something you're either born with or not. true or false

On june 1 of the current year, chad wilson established a business to manage rental property. he completed the following transactions during june: opened a business bank account with a deposit of $28,000 from personal funds. purchased office supplies on account, $2,690. received cash from fees earned for managing rental property, $7,390. paid rent on office and equipment for the month, $3,310. paid creditors on account, $1,230. billed customers for fees earned for managing rental property, $6,130. paid automobile expenses (including rental charges) for the month, $740, and miscellaneous expenses, $370. paid office salaries, $2,330. determined that the cost of supplies on hand was $1,590; therefore, the cost of supplies used was $1,100. withdrew cash for personal use, $2,210. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300) answer

He set of companies a product goes through on the way to the consumer is called the a. economic utility b. cottage industry c. market saturation d. distribution chain