Question and answer
7. In economics, what principle indicates the value placed on a product lessens as consumption increases?A. Demand value B. Supply utility C. Diminishing marginal utility D. Scarcity value
In economics, the diminishing marginal utility of a good or service is the utility gained (or lost) from an increase (or decrease) in the consumption of that good or service.
Get an answer
Original conversation
User: 7. In economics, what principle indicates the value placed on a product lessens as consumption increases?A. Demand value B. Supply utility C. Diminishing marginal utility D. Scarcity value

Weegy: In economics, the diminishing marginal utility of a good or service is the utility gained (or lost) from an increase (or decrease) in the consumption of that good or service.
Expert answered|ardefepatino|Points 20|

User: 8. This is the point at which the supply of the product just meets the demand for it 8. This is the point at which the supply of the product just meets the demand for it

Weegy: The point where supply and demand meet is called market equilibrium.
Expert answered|ardefepatino|Points 20|

Question
Asked 7/18/2013 9:13:28 PM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
What law shows that there is a direct relationship between the price of a product and the amount that is supplied in the market?A. Law of demand B. Law of market price C. Law of market systems D. Law of supply
Question
Updated 88 days ago|8/4/2014 9:43:19 AM
1 Answer/Comment
Law of supply shows that there is a direct relationship between a price of a product and the amount that is supplied in the market.
Added 88 days ago|8/4/2014 9:43:16 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by sujaysen [8/4/2014 2:28:53 PM]
6. Enterprise, as a main component of business, requires which of the following?A. Inputs, machinery and computers B. Employing the right people for the tasks C. Foresight, drive, knowledge, and ingenuity D. Operating from an appropriate facility
Weegy: Enterprise, as a main component of business, requires which of the following. D. Operating from an appropriate facility Click the link for more details: (More)
Question
Expert Answered
Asked 7/18/2013 9:07:17 PM
0 Answers/Comments
18,066,595 questions answered
Popular Conversations
How would you rewrite the equation 2x + 4y + 2 = 3y + 5 in general ...
Weegy: FOIL (First Outside Inside Last) = 2x(2x) + 2x(-3y) + (-3y)(2x) + (-3y)(-3y) = 4x^2 + (-6xy) + (-6xy) + ...
10/30/2014 6:28:25 PM| 5 Answers
Solve the following equation. x + 6 = x + x 2 6 14 72 User: ...
Weegy: I'm sorry, do you have a question I can help you with today? User: Solve for A. BA + C = D A = D - B - C A ...
10/30/2014 9:06:00 AM| 3 Answers
What is the slope of the line that has the equation 4x + 2y = 12?
Weegy: The slope of the line that has the equation 4x + 2y = 12 is -2. User: What is the y-intercept of the line ...
10/30/2014 6:21:18 PM| 3 Answers
Prior to the Seventeenth Amendment, who chose the members of the US ...
Weegy: Prior to the Seventeenth Amendment, State legislatures chose the members of the US Senate. User: Prior to ...
10/30/2014 7:05:25 AM| 2 Answers
______________ means to enclose something tightly, such as is done ...
Weegy: Embedding means to enclose something tightly, such as is done with stones or tiles, and a filler, when creating ...
10/30/2014 7:30:45 AM| 2 Answers
In a plane, if two lines are perpendicular to the same line, then ...
Weegy: Two lines parallel to the same plane are parallel to each other. TRUE. User: Congruent triangles are any two ...
10/30/2014 8:12:29 AM| 2 Answers
Weegy Stuff
S
L
1
1
1
1
L
1
L
Points 3311 [Total 15686]| Ratings 0| Comments 3311| Invitations 0|Offline
S
L
1
L
P
C
1
P
C
1
L
Points 2187 [Total 11668]| Ratings 5| Comments 2137| Invitations 0|Online
S
1
L
1
L
P
P
L
Points 1114 [Total 13343]| Ratings 1| Comments 1104| Invitations 0|Offline
S
L
Points 888 [Total 2287]| Ratings 0| Comments 888| Invitations 0|Offline
S
Points 716 [Total 717]| Ratings 7| Comments 646| Invitations 0|Offline
S
1
L
L
Points 567 [Total 6361]| Ratings 3| Comments 537| Invitations 0|Offline
S
Points 506 [Total 506]| Ratings 1| Comments 496| Invitations 0|Offline
S
Points 483 [Total 483]| Ratings 0| Comments 453| Invitations 3|Offline
S
L
Points 79 [Total 1296]| Ratings 1| Comments 69| Invitations 0|Online
S
1
Points 70 [Total 688]| Ratings 0| Comments 70| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.