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 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 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
21,943,054 questions answered
Popular Conversations
The Dietary Guidelines for Americans include all of the following ...
Weegy: D. do not drink alcoho User: What components of a food label can help consumers compare the amounts of ...
8/29/2015 2:28:18 AM| 2 Answers
Which of these religions is ...
8/29/2015 5:14:54 AM| 1 Answers
Who was at the top of the caste ...
8/29/2015 5:35:57 AM| 1 Answers
Weegy Stuff
S
P
C
L
P
L
1
P
P
1
P
1
P
L
P
R
Points 1278 [Total 11631]| Ratings 7| Comments 1208| Invitations 0|Offline
S
L
Points 798 [Total 1113]| Ratings 1| Comments 788| Invitations 0|Offline
S
1
L
L
Points 754 [Total 9222]| Ratings 3| Comments 714| Invitations 1|Offline
S
L
L
P
1
Points 737 [Total 9310]| Ratings 2| Comments 717| Invitations 0|Offline
S
Points 541 [Total 767]| Ratings 1| Comments 531| Invitations 0|Offline
S
Points 242 [Total 250]| Ratings 0| Comments 242| Invitations 0|Offline
S
Points 224 [Total 224]| Ratings 3| Comments 194| Invitations 0|Offline
S
Points 214 [Total 533]| Ratings 1| Comments 204| Invitations 0|Offline
S
Points 178 [Total 255]| Ratings 0| Comments 178| Invitations 0|Offline
S
Points 144 [Total 175]| Ratings 0| Comments 144| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.