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Question
multiple choice 1 point he mentions when people go to the store and buy less milk because they keep drinking it more and more and are getting sick of it. he says it is because which of the following? law of less cash law of lowering expectations law of diminishing marginal utility clear my selection matching 1 point match the example with the factor of production human capital physical capital financial capital a hammer for a mechanic the money in samsungs bank account lebron james skill and talent for the lakers
For the multiple-choice question: The scenario describes reduced satisfaction from repeated consumption, which aligns with a core economics principle.
For the matching question:
- Human capital refers to the skills/talents of individuals.
- Physical capital refers to tangible tools/equipment used in production.
- Financial capital refers to monetary funds used by businesses.
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- Multiple Choice:
Law of Diminishing Marginal Utility
- Matching:
HUMAN CAPITAL - LEBRON JAMES' SKILL AND TALENT FOR THE LAKERS
PHYSICAL CAPITAL - A HAMMER FOR A MECHANIC
FINANCIAL CAPITAL - THE MONEY IN SAMSUNGS BANK ACCOUNT