Business, 13.12.2019 04:31 AshlynPlayz45
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?
a) the rationing function of prices
b) the substitution effect
c) diminishing marginal utility
d) the income effect
Answers: 3
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Suppose that a firm is considering moving from a batch process to an assembly-line process to better meet evolving market needs. what concerns might the following functions have about this proposed process change: marketing, finance, human resources, accounting, and information systems?
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Because successive units of a good produce less and less additional satisfaction, the price must fal...
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