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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.
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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|

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Asked 275 days ago|7/18/2013 9:13:28 PM
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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)
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