Ask Question
BusinessBusiness
4 October, 06:10

The demand curve slopes downward because of diminishing marginal returns. diminishing marginal utility. diminishing returns to scale. increasing marginal costs. increasing returns to scale.

+3
Answers (1)
  1. 4 October, 07:31
    0
    diminishing marginal utility.

    Explanation:

    The demand curve slopes downward because of diminishing marginal utility. According to this law, when a consumer purchases more units of a good, the marginal utility of that good continues to decrease and therefore, the consumer will purchase more units of that good only when its price falls and the consumer will purchase less when its price rises which proves that demand curve slopes downward.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The demand curve slopes downward because of diminishing marginal returns. diminishing marginal utility. diminishing returns to scale. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Francis drives a delivery truck for Weston Industries. In the middle of his delivery route, Francis stops to have a two-hour lunch with friends twenty miles away.
Answers (2)
Telephone Sellers Inc. sells prepaid telephone cards to customers. Telephone Sellers then pays the telecommunications company, TeleExpress, for the actual use of its telephone lines related to the prepaid telephone cards.
Answers (1)
Que representa el número atómico
Answers (1)
Julie is working on a spreadsheet with data about the company's profits. They will be sharing this data with customers. She checks her e-mail and reads a memo that certain data should be kept confidential.
Answers (1)
Given the following adjusted trial balance: Debit Credit Cash $931 Accounts receivable 1175 Inventory 1749 Prepaid rent 48 Equipment 170 Accumulated depreciation-equipment $29 Accounts payable 46 Unearned service revenue 68 Common stock 120 Retained
Answers (1)
New Questions in Business
K Inc. has provided the following data for the month of May: Inventories: Beginning Ending Work in process $ 17,000 $ 12,000 Finished goods $ 46,000 $ 50,000 Additional information: Direct materials $ 57,000 Direct labor cost $ 87,000 Manufacturing
Answers (1)
Marcy Tucker received the following items this year. Determine to what extent each item is included in her AGI. (Leave no cells blank - be sure to enter "0" wherever required.) A $25,000 cash gift from her parents.
Answers (1)
Analysis of daily output of a factory during a 8-hour shift shows that the hourly number of units y produced after t hours of production is
Answers (1)
In each of the following situations, state whether the bonds will sell at a premium or discount. Required a. Valley issued $300,000 of bonds with a stated interest rate of 7 percent.
Answers (1)
Which strategy is most likely to reduce and prevent violence in our society? stop-and-frisk policing three-strikes-and-you're-out laws school anti-bullying awareness efforts reducing nighttime curfews
Answers (2)
Home » Business » The demand curve slopes downward because of diminishing marginal returns. diminishing marginal utility. diminishing returns to scale. increasing marginal costs. increasing returns to scale.
Sign Up Forgot Password?