0
The law of diminishing marginal utility explains why A supply curves slope upward B demand curves slope downward C drug addicts can never get enough D. people will only consume their favo?
Wiki User
∙ 13y ago
B. Demand curve slopes downward. If apple #3 doesn't give you as much satisfaction (or utility) as apple #2, your demand for apples goes down before you hit apple #4.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Five examples of supply and demand?
drug dealers........drug addicts
How can elasticity help explain why drug interdiction?
Q supplied decreases Eq price lesser Quantiy cos Qd is Inelastic means drug dealers have higher TR and Increase expenditure for addicts which is financed by drug related crimes
Similarities of public goods and merit goods?
The strict definition of a Public Good is that it can be consumed jointly by many individuals at once without diminishing the quantity or quality of the available good or service, therefore, the concept of rival consumption does not apply. The concept of exclusion also does not apply to Public Goods as no-one can be denied the benefit of a public good for reasons of non payment - the Free Rider concept. Examples of Public Goods - clean air, protection from foreign invasion by a defense force etc. Merit Goods are those which the government or society has deemed beneficial or desirable...the benefits of merit goods are usually greater than they seem to the free market or individual. If the free market was left to provide these goods or services, it would probably undervalue them and not commit enough resources to their production. There are "externalities/spill over" benefits to Merit Goods that the individual or Price Market might overlook or undervalue. Merit Good examples - museums, social programs, music education in schools etc. Intervention by society to help drug addicts - anti smoking goods or services, Public Goods can be also be Merit Goods, but not all Merit Goods are Public Goods
Compare the gray market problem for drugs administered by medical professionals relative to other drugs?
Prescription drugs have an upside of having the highest quality control and can often be bought cheaper than their street analogs. The problem is that when a drug such as Oxycontin becomes highly popular on the street there will be a larger consumer(addict)base which includes people who had their first exposure to opiates in this form. If all of the sudden the FDA and law enforcement crack down on the pills there are all of the sudden hoards of junkies looking for anything to give them that fix. As addicts turned to heroin, overdoses run rampant.
Why is it important to distinguish between your needs and your wants?
Because resources are limited. Nobody has the resources to get everything he or she wants. Thus it is necessary to prioritize your wants and to understand what it is that you actually need. You need food and water or you will die. You need that food to contain the nutrients you need to be healthy. So, as much as you might want that new smart phone, food comes first. And as much as you might want that bag of french fries, they contain no nutrients that your body really needs. Addicts can completely lose perspective on these issues and end up without money to eat because they spent it on their addiction.
When was Protoculture Addicts created?
Protoculture Addicts was created in 1987.
When was Telly Addicts created?
Telly Addicts was created on 1985-09-03.
When did Telly Addicts end?
Telly Addicts ended on 1998-07-29.
When was Food Addicts Anonymous created?
Food Addicts Anonymous was created in 1987.
what type of treatment do you offer for heroin addicts?
What type of treatment do you offer for heroin addicts?
Where can addicts go for help?
marijuana addicts can go to your moms house for some help.
Is Odyssey House a good option for addicts needing treatment?
The Odyssey House is a good option for addicts needing treatment as it offers programs for addicts as well as their families to stay together while helping addicts break the cycle of drug abuse.
How many hrs a day do drug addicts need drugs?
24...that's why we call them addicts.
How do drug addicts typically contract melioidosis?
Drug addicts acquire the disease from shared needles.
Why do addicts relapse?
Addicts relapse for many reasons. It could be because they are angry, hurt or sad.
When was Food Addicts in Recovery Anonymous created?
Food Addicts in Recovery Anonymous was created in 1998.
In Superbad who did the cocaine addicts believe Evan was?
The cocaine addicts think that Evan is Jimmy's brother.
